what's forward industries?
Forward Industries, Inc. is a Nasdaq-listed company that has pivoted to become the world's leading Solana treasury company, focusing on building and managing a large treasury of SOL tokens to generate long-term shareholder value. The company raised $1.65 billion through a private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital to initiate its Solana treasury strategy, acquiring over 6.8 million SOL tokens which it has fully staked on-chain. Forward Industries aims to expand its holdings through additional equity offerings, including a $4 billion at-the-market program, and plans to tokenize its shares and operate its business entirely on Solana, including dividends, governance, and payments. This strategy leverages Solana's high performance and efficiency to position the company as a key player in on-chain capital markets.
Tokenized shares on Solana via Superstate.
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solana
Tokenized shares on Solana via Superstate.
BisonFi generates $30.7M SOL-USDC volume using $50k inventory capital with oracle updates at 200 CUs per instruction call and pays $3,500 in oracle fees.
BisonFi AMM goes live on Solana, advancing from testing phase to full launch with confirmation from Kyle Samani.
fwdSOL is now available on Dflow, Jupiter, Titan Exchange, and the Sanctum explore page as additional distribution channels.
Holds 6.92M SOL in treasury according to latest disclosure.
Develops proprietary Automated Market Maker currently in testing phase with Jump and Galaxy backing, disclosed in recent investor update.
FWD Industries, holding 6.9M SOL (~$1.5B) as the largest Solana treasury company, launches fwdSOL liquid staking token in partnership with Sanctum and commits to convert 25% of its SOL holdings (≈1.725M SOL) into fwdSOL. fwdSOL integrates with Kamino Lend and Multiply for immediate composability.
Launches fwdSOL Liquid Staking Token in partnership with Sanctosphere, bootstrapping with 25% of SOL holdings represented by over 1.7 million fwdSOL tokens.
Ryan Navi joins the team, bringing expertise in capital structuring, Solana ecosystem knowledge, and investment experience to support the Internet Capital Markets thesis.
Ticker symbol changes from FORD to FWDI on Nasdaq effective November 17, 2025.
Currently trading below PIPE price and at a discount to modified NAV.
Stock declined 60% during October according to monthly market statistics review.
Files SEC resale prospectus supplement for shares issued in September 2025 PIPE and announces a new $1 billion share repurchase program authorized through September 2027.
Completed a $1.65B PIPE (Private Investment in Public Equity), with NAV reaching $1.4B and holdings of 6.8M SOL.
Solana stake valued at $1.65B generates over $100M in annual free cash flow according to Marcryptonio, Galaxy's Head of DeFi and member of the company's Crypto Advisory Board.
Sets up Crypto Advisory Board and appoints 25 inaugural members including Austin Federa, Cindy Leow, Armani Ferrante, Matty Taylor, MacBrennan Peet, Marcryptonio, and Vidor Gencel.
Treasury holdings reach 6.87M+ SOL valued at over $1.5B with daily earnings of 1,000+ SOL at 7.01% APY through staking operations, outperforming top validators by 20 basis points.
Times Square advertising campaign launched featuring Solana and the company, representing a major mainstream marketing initiative.
Token price surges close to 20% today with a Vest trader's 10x leveraged long position up over 100% since Friday lows.
Market cap explodes to $3.1B, making it larger than all other Solana treasury companies combined.
Announces a $4 billion at-the-market equity offering program with SEC filing to support Solana treasury strategy and growth initiatives.
Kyle Samani reveals the company's vision to become the world's most natively onchain publicly traded company, including onchain stock issuance, dividends, fundraising, governance, and operations.
Finalizes acquisition of 6.8 million SOL for $1.58 billion at $232 average price, completing the strategic Solana native treasury pivot.
Galaxy Digital accumulates 1.81M SOL worth $432M in 24 hours for the $1.65B Solana treasury, with only 26% of the total raise deployed so far.
The $1.65B placement announced in September has successfully closed, marking the completion of the strategic funding round for the Solana native treasury pivot.
Forward Industries announces a strategic pivot to become a Solana native treasury with $1.65B in SOL, backed by Galaxy Digital, Jump Crypto, and Multicoin Capital, marking the first Nasdaq-listed company raising institutional capital for direct Solana deployment.