Forward Industries expands Solana treasury as SOL slides and financing supports accumulation
Forward Industries is increasing its exposure to Solana even as the token and the company's shares trade near multi-month lows. The group says its SOL holdings have climbed to about 8.7 million tokens, while a new credit line and a commitment to a tokenized U.S. housing product are set to support further purchases.
Highlights
- Forward Industries increased its Solana holdings to about 8.7 million SOL ($726.5 million), representing roughly 1.5% of total supply, after adding 226,000 SOL since September.
- Forward secured a two-year, $50 million credit facility from an unnamed U.S. bank, collateralized by staked SOL and allowing continued staking rewards during financing.
- Forward committed up to $50 million to USHP, using income from this tokenized U.S. home price product to acquire more SOL, as SOL hit $82 and company shares dropped over 28% year-to-date.
Treasure growth and new financing structure
As reported by The Block, Forward says it has added roughly 226,000 SOL to its treasury through purchases and staking rewards since the end of September, lifting its holdings to about 8.7 million SOL. The company values that position at roughly $726.5 million, or about 1.5% of Solana's total circulating supply.Forward says it has also secured a two-year, $50 million credit facility from an unnamed U.S. national bank. The loan is backed by SOL that remains staked, allowing the company to keep earning staking rewards while accessing financing.
The company further says it has committed up to $50 million to USHP, a tokenized product tracking U.S. home prices. Forward plans to use income generated from that investment to buy additional SOL.
Market pressure and sector implications
Forward remains the largest publicly traded corporate holder of SOL by a wide margin. Its closest rival, DeFi Development Corp, holds just over 2.6 million SOL, underscoring Forward's outsized position in the Solana treasury strategy segment.The update arrives during a weaker stretch for both the token and the stock. SOL falls as low as $82 on Tuesday, its lowest level in almost three months, before recovering to around $83.50, while Forward shares also dip to a near three-month low of $5.25, leaving the stock down more than 28% so far this year.
The financing structure and the USHP allocation show how listed crypto-focused companies are seeking ways to keep building digital-asset reserves without fully relying on spot purchases. For Forward, the approach ties treasury expansion to staking income, credit access and yield from tokenized real-world assets.
We recently wrote about SSS equity gains as the pension fund defended its long-term investment strategy despite recent paper losses.
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