Forward Industries Shares Jump 17% After Buying 500K SOL, Holdings Reach 7.55M

Forward Industries shares jumped 17% on Wednesday after the Nasdaq-listed Solana treasury company purchased over 500,000 SOL during its fiscal third quarter, bringing total holdings to 7.55 million SOL. The company valued its Solana treasury at approximately $576 million as of June 30, 2026, with the additional SOL acquired at an average price of about $79 per coin.

Solana itself rallied 4.5% to $76.85 at the time of reporting, rebounding from lows near $60 earlier in June. Forward Industries remains the largest publicly traded Solana treasury firm, holding more SOL than the next three largest public Solana treasury companies combined.