Forward Industries Reports Q2 Results, Expands Solana Treasury Strategy with $40M Debt Facility and Share Repurchase
Forward Industries reports Q2 2026 results with $40M Galaxy Digital debt facility, share repurchase, cost cuts, and investment in OnRe to expand Solana treasury strategy and tokenized real-world assets.
➤ Forward Industries secured a $40M debt facility from Galaxy Digital and repurchased $27.4M in shares to strengthen its balance sheet and advance its Solana treasury strategy. ➤ The company is expanding its digital asset exposure through a strategic investment in OnRe, aiming to broaden its reach into tokenized real-world assets and diversify beyond its core Solana holdings. ➤ These moves signal a significant shift towards a digital asset treasury firm, leveraging Solana's ecosystem and the growing trend of tokenizing traditional assets to enhance shareholder value and operational efficiency.
