World’s Largest Listed Solana Treasury Firm Sits on Nearly $1B Paper Loss Forward Industries (NASDAQ: FWDI), a Solana-focused treasury comp…
World’s Largest Listed Solana Treasury Firm Sits on Nearly $1B Paper Loss
Forward Industries (NASDAQ: FWDI), a Solana-focused treasury company backed by a $1.65 billion PIPE led by Galaxy Digital, Jump Crypto and Multicoin Capital, holds 6,979,967.46 SOL as of Jan. 15, 2026 and reports a 6.73 % gross staking APY, with nearly all SOL staked. The company previously disclosed SOL purchases at a net cost of about $232.08 per SOL; with SOL trading far below that level, its mark‑to‑market unrealized loss is approaching $1 billion.
In its quarter ended Dec. 31, 2025 filing, Forward reported a net loss of $585.65 million, including a $560.21 million loss on digital assets, while staking rewards for the period were $17.38 million.
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