Forward Industries Faces Nearly $1 Billion Unrealized Loss on Solana Treasury

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Forward Industries, a Solana-focused treasury company backed by a $1.65 billion PIPE led by Galaxy Digital, Jump Crypto and Multicoin Capital, held 6,979,967.46 SOL as of Jan. 15, 2026. Based on its previously disclosed net purchase cost of about $232.08 per SOL, the company’s mark-to-market unrealized loss is approaching $1 billion.

In its filing for the quarter ended Dec. 31, 2025, Forward reported a net loss of $585.65 million, including a $560.21 million loss on digital assets. Nearly all of its SOL was staked, with the company reporting a 6.73% gross staking APY and $17.38 million of staking rewards for the period.

From the sources (1 posts)

@wublockchain

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

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