BroadChain has learned that as of March 18, 2026, Forward Industries (NASDAQ: FWDI), a Nasdaq-listed company managing a Solana treasury, holds 7,013,536 SOL tokens. This represents an increase of 51,035 SOL since the end of 2025.
In a separate announcement, Forward Industries disclosed an agreement with an institutional investor to repurchase 6,164,324 shares of its common stock for $27.4 million. Following the completion of this buyback, the company's outstanding common shares will be reduced from 83,142,133 to 76,977,809.
The company clarified that the repurchase is funded through a $40 million digital asset master loan facility provided by Galaxy Digital, which is secured by its fwdSOL holdings.