Forward Industries stunned investors after revealing it holds a massive $1.1 billion worth of Solana ($SOL), one of the largest altcoins in the crypto space. The announcement, intended to show strong digital asset backing, had an unexpected effect—the company’s stock tumbled by nearly 20% following the news.
Analysts speculate that investors were caught off guard by the scale of the crypto exposure. Despite the growing popularity of Solana, some investors may view such a large holding as risky, especially in the current volatile crypto market.
$1B Share Buyback Plan to Boost Confidence
In response to the stock drop, Forward Industries’ board of directors approved a massive $1 billion share repurchase program. The move is aimed at stabilizing the company’s stock price and reassuring shareholders of the company’s long-term strategy.
Share buybacks are a common method to boost investor confidence by reducing the number of outstanding shares and often signal that a company believes its stock is undervalued. This bold decision indicates the company is doubling down on both its crypto exposure and its belief in its own value.
LATEST: Forward Industries authorized a $1 billion share repurchase after revealing $1.1 billion in $SOL holdings, as its stock fell nearly 20%. pic.twitter.com/UKeBlimV4y
— Cointelegraph (@Cointelegraph) November 4, 2025
Solana’s Role in the Company’s Strategy
The revelation of Forward Industries’ Solana holdings raises questions about its broader investment and treasury strategies. With $1.1 billion in SOL, it’s clear the company sees potential in Solana’s ecosystem, which is known for its speed, low fees, and growing DeFi and NFT activity.
Whether this crypto-heavy approach pays off depends on market conditions, but the company’s aggressive positioning shows it’s not afraid to embrace digital assets as part of its financial strategy.