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Points of Focus
- SOL traded at $75.41, less than 1% above Forward’s latest $75 average buy price.
- Forward held 7.81 million SOL and equivalents by Aug. 3, about 1.3% of circulating supply.
- Fiscal Q3 staking rewards reached 106,000 SOL, lifting cumulative rewards to roughly 300,000 SOL.
Solana (SOL) traded at $75.41 on Friday, less than 1% above Forward Industries’ latest average buy price. The company added about 254,000 SOL and equivalents between July 1 and Aug. 3 at roughly $75 each, putting the purchase near $19.1 million. That places SOL almost exactly at Forward’s latest average purchase price, though the reported buying period ended on Aug. 3.
Forward Industries’ $75 SOL buy meets a technical pivot
Forward disclosed the purchases with its fiscal third-quarter results on Aug. 12. At $75.41, SOL trades near Barchart’s 20-day moving average (MA) of $75.09. Its 50-day MA sits lower at $74.10, while the 100-day MA remains higher at $79.18.
The $74-$75 zone also overlaps with Solana’s short-term MAs, giving traders a technical reference beyond Forward’s purchase price. The $75 average buy does not create a price floor, while the 100-day MA near $79.18 remains a higher technical hurdle for SOL.
BREAKING: Forward Industries (@FWDind) is back to buying $SOL.
The largest Solana treasury by holdings acquired an additional 254,000 $SOL between July and August 3 at an average price of $75, bringing its total holdings to over 7.8M $SOL. pic.twitter.com/OdtL7zbo3C
— SolanaFloor (@SolanaFloor) August 13, 2026
Forward’s Solana treasury reaches 1.3% of supply
Forward held 7,807,022 SOL and SOL equivalents as of Aug. 3, up from 7,552,698 on June 30. The company put that position at about 1.3% of Solana’s circulating supply.
Forward also stakes nearly all of its SOL through its own validator, which carries about 1.8% of network stake weight. Its 7.81 million SOL and equivalent position show the scale a single public treasury has reached, though the 1.3% share should be treated as a concentration measure rather than SOL permanently removed from liquid supply.
Staking rewards support accumulation but not price protection
Forward generated about 106,000 SOL in staking rewards during fiscal Q3, taking cumulative rewards since September 2025 to roughly 300,000 SOL. At $75.41, those cumulative rewards are worth about $22.6 million.
Forward’s staking income comes with a balance-sheet counterpoint. The company recorded a $49.8-million loss on digital assets and a $15.2-million impairment during fiscal Q3, while its quarterly net loss reached $69 million. The digital-asset charges reflected changes in estimated fair value rather than realized sales or cash outflows.
For SOL, Barchart places the 20-day MA at $75.09 and the 50-day MA at $74.10, while the 100-day MA stands at $79.18.
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