Forward Industries, a prominent digital asset treasury firm, has disclosed that its Solana (SOL) reserves have now surpassed the $1 billion mark. The American enterprise noted that nearly 13% of its quarterly income growth was attributed to Solana, following the addition of 949,000 SOL tokens to its holdings.
THE BLOCK: Forward Industries increased its Solana treasury by nearly 949,000 SOL during the last quarter, bringing total holdings to 8.5 million SOL, or roughly 1.4% of the circulating supply.
The company said the solana:So11111111111111111111111111111111111111112 added during… pic.twitter.com/Dk5FtfwtNI
— The Block (@TheBlockCo) October 2, 2026
The basket’s already enormous: Forward Industries approximately holds 1.4% of Solana’s current circulating coin supply.
The Austin, Texas-based company expressed public trust in Solana (SOL) as a long-term investment vehicle. With their Solana (SOL) stash exceeding $1 billion, other digital assets in the disclosed portfolio didn’t climb past $26 million, while cash-equivalents stood at $7 million.
Solana Trading Volume Surges 23% Past $9 Billion
At $121, Solana’s (SOL) price climbed up by 25% over the past month, bringing the $130 & $150 targets back into bulls’ conversation. This has pushed the speculative interest to fresh heights: the altcoin netted $9.19 billion on Futures, doubling its Spot market demand on Friday.
Most SOL traders went long on Solana’s (SOL) price, pushing the long versus short ratio slightly above 1. The gradually-growing Open Interest (OI) is another big tell. Leverage utilizing crypto traders are actively placing bets on Solana’s (SOL) price increase, potentially tackling the $130 level. If that holds on the daily time-frame $150 is the one crypto bulls are aiming for next.
Traders are now focused on the Red-Label Bollinger Band (BOLL) at $130, while the end-point price target in the near term remains $150. That’s the yearly high Solana (SOL) price, held in mid-January, before retracing all the way-back to $62.
Right now, Solana’s well-positioned for a $130 retest as the altcoin trades above both fundamental moving averages pictured in the chart.