Forward Industries Inc. (NASDAQ: FORD) Total Treasury Holdings Reach Over 6.87 Million Solana (SOL)

• Forward Industries Inc. (FORD) announced that the company’s SOL holdings now totals over 6.87 million.
• The SOL is earning a 7.01% yield, which exceeds the average gross yield reported by top validators.
• FORD is consistently generating daily revenue of over 1,000 SOL, according to Kyle Samani, Chairman of the Board.

Forward Industries (NASDAQ: FORD), focused on building and managing the worlds largest Solana treasury, recently made an initial treasury update announcement and revealed that the company’s total Solana (SOL) holdings have reached 6,871,599.06 SOL (https://ibn.fm/TIgzG).

Since inception, the company has purchased 6,834,505.96 SOL at a total cost of around $1.59 billion, which is a net cost of approximately $232.08 per SOL. 

Thus far, the company’s validator infrastructure has managed a 7.01% staking yield, which is above the 6.81% average gross yield that’s been reported by the top 10 validators by stake weight. According to the update, nearly all of the company’s SOL is staked.

When speaking about the announcement, Chairman of the Board of Directors of FORD, Kyle Samani, said that “This update reflects the speed and precision with which we’ve executed our Solana treasury strategy, as well as our commitment to discipline and transparency at every step.”

Samani also added that “In just weeks, we deployed more than $1.5 billion into SOL, established institutional-grade validator infrastructure, and began generating on-chain yield. With more than 6.87 million SOL in our treasury earning an approximately 7.01% staking yield, we are now generating consistent daily revenue of over 1,000 SOL, reinforcing the strength and scalability of our strategy,” and added that “Forward is not only building one of the largest Solana treasuries in the world, but also charting the path for how public companies can integrate on-chain operations across treasury management, governance, and real-world applications.”

FORD remains committed to the company’s SOL treasury strategy and believes that Solana is the only blockchain with the scalability, speed, and architecture to power global financial markets.

About Forward Industries Inc. (NASDAQ: FORD)

Forward Industries is a company that’s building and managing a large Solana treasury and is backed by many influential investors. The company actively participates in the Solana ecosystem and aims to create shareholder value by accumulating SOL and deploying these assets through numerous on-chain opportunities.

For more information, visit the company’s website at www.ForwardIndustries.com.

NOTE TO INVESTORS: The latest news and updates relating to FORD are available in the company’s newsroom at https://ibn.fm/FORD

About CryptoCurrencyWire

CryptoCurrencyWire (“CCW”) is a specialized communications platform with a focus on blockchain and the cryptocurrency sector. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled recognition and brand awareness. CCW is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit https://www.CryptoCurrencyWire.com

Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://www.CryptoCurrencyWire.com/Disclaimer

CryptoCurrencyWire
New York, NY
www.CryptoCurrencyWire.com
212.994.9818 Office
Editor@CryptoCurrencyWire.com

CryptoCurrencyWire is powered by IBN