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Forward Industries boosts Solana holdings to 8.5M tokens, valuing treasury at $1B in Q4 2026

Market News
02 Oct 2026
Crypto news
View Source
Bullish
Forward Industries boosts Solana holdings to 8.5M tokens, valuing treasury at $1B in Q4 2026

Forward Industries increased its Solana (SOL) holdings by nearly 949,000 tokens in fiscal Q4 2026, raising its total to 8.5 million tokens valued at approximately $1 billion as of September 30. This 13% quarterly growth came from purchases and staking, supported partly by a $25 million stock offering in September aimed at funding SOL acquisitions. The company’s SOL per fully diluted share rose 10.4% quarter-over-quarter, reflecting an accretive strategy despite increased share count and institutional debt. Forward also expanded investments in Solana-based projects like OnRe, highlighting its broader commitment to the Solana ecosystem. The company’s treasury figures remain preliminary pending annual audit completion.

Solana (SOL) is trading at Rp2.182.239 on Pluang as of Oct 02, 2026 18:41 WIB, showing a 3.08% gain in the past day. Its market cap stands at Rp1.284,04 trillion with a 24-hour trading volume of Rp76,07 trillion, indicating active investor interest. Despite Forward Industries' large accumulation of SOL tokens, the typical hold time on Pluang remains 70 days, with a balanced order activity of 54% sell and 46% buy, reflecting steady trading dynamics in the market.

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