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
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