Forward Industries’ Solana (SOL) Holdings Rise 2.7% as Debt Reaches $187.5 Million

Forward Industries’ Solana (SOL) holdings rose 2.7% between Sept. 30 and Nov. 9, while its institutional debt increased and its cash and marketable securities declined. The figures show the company’s growing SOL treasury alongside changes in its reported financial position. Forward held 8,727,694 SOL on Nov. 9, up from 8,501,298 at Sept. 30. That was an increase of 226,396 tokens, or about 2.7%, and the holdings represented about 1.5% of Solana’s circulating supply. The company put the average cost of its newly purchased SOL at $75 per token. The Sept. 30 figure is the baseline for that quarter-to-date comparison. A separate Forward’s Sept. 21 treasury update listed about 8.16 million SOL and SOL equivalents; that balance was preliminary and included SOL, fwdSOL, pledged SOL and SOL equivalents.

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