- Texas-based Solana treasury company Forward Industries has announced a planned webcast leadership discussion of Q3 financial results and a follow-up Q&A on Aug. 12
- Forward Industries is the world’s largest holder of the native Solana cryptocurrency SOL, managing more than 1% of the total supply
- The company aims to not only hold SOL but to achieve investment returns that beat market benchmarks, allowing Forward to generate cash flow through staking
- Solana is a public blockchain platform that uses smart contracts to support decentralized finance (“DeFi”) applications and SOL’s market cap is the seventh largest crypto
By far the world’s leading Solana treasury, Forward Industries (NASDAQ: FWDI) has been steadily building its bank of native Solana cryptocurrency SOL per share to create long-term shareholder value, generating cash flow through staking and smart contract-based decentralized finance (“DeFi”).
Forward Industries will host a conference call on Wednesday, Aug. 12, at 5 p.m. Eastern Time, to discuss its financial and operating results for fiscal Q3 when it increased its treasury to 7.55 million SOL (https://nnw.fm/0gSLH).
The company will issue a press release prior to the conference call in which it will announce its financial results, paving the way for the corporate leadership’s discussion and the follow-up question-and-answer session.
Interested investors can sign into the webcast through https://nnw.fm/zx8Zc or phone in through https://nnw.fm/AlSvD, beginning about 15 minutes before the event, according to the news release.
Forward will provide an update on its SOL treasury strategy during the presentation.
“Our mindset remains long-term as we’re not managing Forward around short-term market moves, and we’re focused on building a permanent capital vehicle that’s designed to participate directly in the growth of the Solana ecosystem and to evolve beyond simply (being) a treasury and into an active value-generating business,” Board Chairman Kyle Samani said during the company’s Q1 financial report earlier this year (https://nnw.fm/bvPT1).
“Looking ahead, we believe the opportunity in front of Solana and, by extension, for Forward is increasingly clear. While the markets are volatile and in both Solana and Forward our assets are not immune to wider market volatility, Solana is no longer being evaluated on theoretical scalability or future potential,” Samani said. “It’s being used today at scale across payments, trading, DeFi, emerging market applications and more. … Forward Industries is intentionally aligned with this phase of Solana’s life cycle.”
SOL’s market cap is the seventh largest crypto, and Forward has declared its aim to become the “Berkshire Hathaway of Solana,” referring to the American multinational holding company made famous as a product of market visionary CEO Warren Buffet. Forward’s capital allocation strategies include share buybacks as part of its drive to move beyond simply holding SOL and into achieving investment returns that beat market benchmarks (https://nnw.fm/vCvDJ).
In addition to showing its strength through buying shares back and raising per-share earnings, Forward is also pursuing a strategy of acquiring other SOL digital asset treasuries (“DATs”) while keeping debt low and using its fwdSOL, the company’s proprietary liquid staking token, to access liquidity.
For more information, visit the Forward Industries website at www.ForwardIndustries.com.
NOTE TO INVESTORS: The latest news and updates relating to FWDI are available in the company’s newsroom at https://nnw.fm/FWDI
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