Forward Industries Posts $585M Loss as Solana Treasury Swings Hit Earnings
The post Forward Industries Posts $585M Loss as Solana Treasury Swings Hit Earnings appeared on BitcoinEthereumNews.com. Key Takeaways Forward Industries posted a $585.6M Q1 loss as Solana prices triggered $560.2M write-downs. Forward holds 6.96M SOL worth $1.59B, expanding staking and Solana infrastructure bets. Forward launched fwdSOL and targets 7.2% yields as Solana treasury strategy scales. Kyle Samani Backs Solana Strategy as Forward Expands $1.59B SOL Treasury Forward Industries, which has repositioned itself as a solana-focused treasury company, reported a sharp quarterly loss as falling crypto prices weighed heavily on the value of its digital asset holdings. The Nasdaq-listed company said net loss for the fiscal first quarter ended Dec. 31, 2025 widened to $585.6 million, compared with a loss of roughly $700,000 a year earlier. The decline was driven primarily by accounting-related losses tied to the market value of its solana holdings. Under U.S. GAAP rules, Forward recorded