FWDI’s SOL position, acquired at $232.08 per token, now trades far below cost, driving near-$1B paper losses.
Forward Industries (NASDAQ: FWDI) holds 6,979,967.46 SOL, purchased at an average of $232.08 per token, now marking a near-$1 billion unrealized loss. The firm’s SOL stash, nearly all staked, yields a 6.73% gross APY but fails to offset valuation declines.
In its quarter ended Dec. 31, 2025, FWDI reported a $585.65 million net loss, including a $560.21 million hit on digital assets. Staking rewards for the period totaled $17.38 million, a fraction of the unrealized losses.
The company’s $1.65 billion PIPE, led by Galaxy Digital, Jump Crypto, and Multicoin Capital, underscores its Solana-focused treasury strategy amid persistent price volatility.