Forward Industries Makes Bold Treasury Move: Embracing Solana for Future Growth

Forward Industries just dropped a bombshell—they're restructuring their treasury with a major pivot to Solana. This isn't just diversification; it's a strategic bet on one of crypto's fastest-growing ecosystems.

Why Solana? Speed, scalability, and serious developer momentum. While traditional finance still debates blockchain utility, Forward Industries is putting real capital behind next-gen infrastructure. They're not waiting for permission—they're building the future.

This move signals more than just confidence in Solana; it's a rejection of legacy treasury management. Why park funds in low-yield instruments when digital assets offer unprecedented growth potential? Some Wall Street traditionalists might call it reckless—we call it visionary.

One cynical take? Maybe they're tired of watching banks collect fees for mediocre returns. Solana’s performance speaks for itself—high throughput, low costs, and a thriving DeFi landscape. Forward Industries isn’t just adapting; they’re leading.

Love it or hate it, this is how innovation happens. No committees, no red tape—just decisive action. And while the finance old guard clings to spreadsheets, Forward Industries is charging into the future.

$235. Following this strategic move, the company submitted an application to the United States Securities and Exchange Commission (SEC) for a $4 billion “at-the-market” (ATM) equity offering program. The funds from the equity sale are intended for expanding solana holdings and other corporate activities.

ContentsDetails of the SEC Share Sale ProgramIntensified Treasury Acquisitions in Solana

Details of the SEC Share Sale Program

According to Forward Industries, the share sales will be executed through Cantor Fitzgerald, as part of a sales agreement effective until September 16, 2025. The program received approval through an automatic shelf registration by the SEC, eliminating the need for an additional approval process. Chairman Kyle Samani mentioned that the sales will occur as needed.

The company’s share sale plan follows a recently concluded $1.65 billion private investment round. This investment round, which included participation from Galaxy Digital, Jump Crypto, and Multicoin Capital, aimed to support Forward Industries’ Solana-centric plan.

By utilizing a portion of the funds obtained from the investment round, the company acquired 6.82 million SOL tokens. This acquisition, conducted at an average price of $232, amounts to approximately $1.58 billion in total.

Intensified Treasury Acquisitions in Solana

Block data reveals that the value of publicly traded companies’ Solana reserves reached $3.2 billion as of September 17, 2025. Forward Industries’ significant purchase of 6.82 million SOL constitutes a major part of this total. Presently, Solana ranks among the most preferred cryptocurrencies in corporate treasuries, following Bitcoin$116,298 and Ethereum$4,507.

The market’s reaction to the news has been notable. Data from Yahoo Finance indicates that Forward Industries’ shares fell by 6% following the announcement. Meanwhile, Solana’s price remains stable, especially ahead of the U.S. Federal Reserve’s interest rate decision. According to price data from CryptoAppsy, the altcoin experienced a slight 0.61% drop in value over the past 24 hours, trading at $234.20.

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