Forward Industries, a company that owns over $1 billion in Solana, has approved a $1 billion plan to buy back its own shares. The plan, approved on November 3, 2025, is meant to benefit shareholders as the company moves deeper into digital assets. It will continue until September 30, 2027, according to a filing with the U.S. Securities and Exchange Commission.
According to the press release, the company plans to buy its stock through open-market trades, private deals, or block purchases. It may also use accelerated share repurchase plans. Furthermore, Forward explained that the decision offers flexibility to return capital to shareholders when its stock trades below fair value.
Chairman Kyle Samani said, “Today’s announcement reflects our confidence in Forward Industries’ strategy and Solana’s strong ecosystem.” He added that the plan shows a long-term belief in Solana’s role in capital markets.
In addition, Forward Industries also filed a resale prospectus supplement with the SEC to register shares from a private placement completed in September 2025. The company said it would not receive money from these sales. Instead, the registration only allows earlier investors to resell their shares. Forward emphasized that the buyback and resale filing were separate events.
Forward now owns about 6.8 million Solana tokens worth around $1.1 billion. This means it holds more Solana than any other company. The firm has also started running a validator node on the Solana network to take part in its operations. However, even with the news, Forward’s stock fell nearly 20% on Tuesday as crypto-related shares weakened.
FORD stock price | Source: YahooFinance
Across the broader market, many firms that built crypto treasuries during the market boom now face pressure as asset values fall. Analysts at Standard Chartered said that several of these companies have seen their valuations decline below their crypto holdings. Consequently, this trend has raised concerns about sustainability.
That said, Forward Industries’ latest move signals confidence in both its digital strategy and Solana’s potential. The buyback therefore gives the company a tool to manage its value while strengthening its position in the growing blockchain space.
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