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Forward Industries Discloses SOL Holdings Increased to 7.013 Million and Repurchases $27.4 Million in Stock
Odaily Planet Daily reports that Nasdaq-listed Solana treasury company Forward Industries disclosed that as of March 18, 2026, its total SOL holdings reached 7,013,536 tokens, an increase of 51,035 tokens since the end of 2025. Additionally, the company announced it has reached an agreement with an institutional investor to repurchase 6,164,324 common shares for $27.4 million. This transaction will reduce the number of outstanding common shares from 83,142,133 to 76,977,809. Forward Industries stated that the funds for this buyback come from a $40 million digital currency term loan agreement with Galaxy Digital, which is collateralized by fwdSOL. (Globenewswire)