Largest Solana treasury stock lost $1B while earning 6.7% staking rewards
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3 Articles
World’s Largest Solana Treasury Firm Reports Nearly $1B Unrealized Loss as SOL Tanks
What happens when a publicly traded company bets its treasury on a volatile token and the market moves against it? Forward Industries (NASDAQ: FWDI), the world’s largest listed Solana treasury firm, is now sitting on a mark-to-market loss of nearly $1 billion on its 6.98 million SOL holdings. According to the original report, the company’s net cost per SOL was roughly $232.08, and with the token trading well below that mark, the unrealized loss …
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Bitcoin Ethereum NewsLargest Solana treasury stock lost $1B while earning 6.7% staking rewards
The world’s largest publicly-traded Solana treasury company has lost roughly $1 billion holding SOL despite earning 6.7% staking yields. Forward Industries launched its Solana treasury strategy on September 8, 2025 — months after the crypto treasury bubble had already popped — with a $1.65 billion private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital. Multicoin co-founder Kyle Samani personally added $25 million and became…
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