Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Forward Industries faces nearly $1B unrealized loss on Solana holdings but sees 4x revenue growth from staking.

Protocol Fundamentals
14 May 2026
Blockonomi
View Source
Bearish
pluang ai news

Forward Industries, the largest listed Solana treasury firm, holds nearly 7 million SOL tokens bought at $232 each, resulting in an unrealized loss close to $1 billion due to Solana's lower market price. Despite this, the company reported a 4x increase in revenue to $21.4 million in Q1 fiscal 2026, driven mainly by staking income and its new liquid staking token, fwdSOL. However, it posted a net loss of $585.65 million, largely from a $560 million digital asset fair value loss under accounting rules. Forward continues active staking operations with strong yields between 6.5% and 7.2% APY, highlighting resilience amid market challenges.

More News

Global digital pens market to grow at 13.3% CAGR, reaching $5.3B by 2032 driven by tech advances and digital workflows.

Global digital pens market to grow at 13.3% CAGR, reaching $5.3B by 2032 driven by tech advances and digital workflows.

The global digital pens market, valued at $2.2 billion in 2025, is projected to reach $5.3 billion by 2032 with a 13.3% CAGR. Growth is fueled by increased adoption in education and corporate sectors, technological improvements like pressure sensitiv...

Market News
Bullish
23 minutes ago
Industrial laser market to grow 5.8% CAGR, reaching $10.94B by 2031, led by APAC and semiconductor sectors.

Industrial laser market to grow 5.8% CAGR, reaching $10.94B by 2031, led by APAC and semiconductor sectors.

The global industrial laser market is projected to grow at a 5.8% CAGR from 2025 to 2031, reaching $10.94 billion by 2031. Medium power lasers, especially CO₂ types, currently dominate, with the semiconductor and electronics sector showing the fastes...

Market News
Bullish
25 minutes ago
Geely Preface TCR wins first race at FIA TCR World Tour in Misano, marking a historic motorsport milestone.

Geely Preface TCR wins first race at FIA TCR World Tour in Misano, marking a historic motorsport milestone.

Geely Auto Group achieved its first-ever victory with the all-new Geely Preface TCR at the FIA TCR World Tour held at the Misano World Circuit in Italy. Chinese driver Ma Qinghua secured the win in Race 2 after a strategic move on lap six, showcasing...

Market News
Bullish
29 minutes ago
Geely Preface TCR wins first race at FIA TCR World Tour in Misano, marking a historic motorsport milestone.

Geely Preface TCR wins first race at FIA TCR World Tour in Misano, marking a historic motorsport milestone.

Geely Auto Group achieved its first-ever victory in global motorsports with the all-new Geely Preface TCR at the FIA TCR World Tour held at Misano Circuit, Italy. Chinese driver Ma Qinghua secured the win in Race 2, starting third and taking the lead...

Market News
Bullish
42 minutes ago
Wolters Kluwer repurchases 44,119 shares for €2.7M as part of €500M 2026 buyback program

Wolters Kluwer repurchases 44,119 shares for €2.7M as part of €500M 2026 buyback program

Wolters Kluwer repurchased 44,119 of its ordinary shares between May 7 and May 13, 2026, spending €2.7 million at an average price of €61.07 per share. This buyback is part of a larger 2026 program aiming to repurchase up to €500 million worth of sha...

Company Fundamentals
Bullish
1 hour ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App