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Forward Industries posts $585M loss as Solana price drops impact its crypto treasury strategy

Market News
14 May 2026
Bitcoin
View Source
Bearish
pluang ai news

Forward Industries reported a $585.6 million loss in Q1 2026 due to a $560.2 million write-down from falling Solana (SOL) prices, despite expanding its SOL treasury and staking operations. The company holds nearly 7 million SOL tokens worth $1.59 billion and generates staking yields of 6.5% to 7.2%, boosting quarterly revenue to $21.4 million. Forward is also developing new DeFi products like a liquid staking token and automated market maker to grow its Solana-based infrastructure. While the losses highlight crypto volatility, Forward aims to build a long-term value-generating business aligned with Solana's ecosystem growth.

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