Forward Industries acquired approximately 226,000 SOL via acquisitions and staking yields following the conclusion of September.
The firm announced on Tuesday that its reserves expanded to roughly 8.7 million SOL, valued at approximately $726.5 million, which represents about 1.5% of the overall circulating supply of Solana.
Forward maintains the most substantial Solana treasury among publicly traded corporations by a substantial margin, with its nearest competitor, DeFi Development Corp., owning just above 2.6 million SOL.
This announcement arrives during a downward movement for both SOL and the equity of Forward itself Forward Industries, Inc. (FWDI). SOL decreased to a bottom of $82 on Tuesday, marking its weakest point in nearly three months, prior to bouncing back to approximately $83.50. Forward stock likewise fell to a nearly three-month bottom of $5.25, bringing the equity down by more than 28% year-to-date.
Forward additionally revealed that it obtained a two-year credit facility worth $50 million from an unidentified domestic American banking institution. This financing is secured by SOL that will stay staked, enabling Forward to carry on accumulating rewards.
The enterprise further mentioned that it allocated as much as $50 million toward USHP, a tokenized instrument monitoring American residential real estate values whose debut was similarly supported by the Galaxy-Sharplink Onchain Yield Fund. The organization intends to leverage yields generated by this placement to acquire additional SOL.
Originally published at https://www.theblock.co/news/markets/2026-11-10-forward-industries-grows-sol-treasury-8-7-million-token-hits-three-month-low-437330.
