Largest Solana treasury stock lost $1B while earning 6.7% staking rewards
The post Largest Solana treasury stock lost $1B while earning 6.7% staking rewards appeared on BitcoinEthereumNews.com. The world’s largest publicly-traded Solana treasury company has lost roughly $1 billion holding SOL despite earning 6.7% staking yields. Forward Industries launched its Solana treasury strategy on September 8, 2025 — months after the crypto treasury bubble had already popped — with a $1.65 billion private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital. Multicoin co-founder Kyle Samani personally added $25 million and became chairman. “Our strategy to build an active Solana treasury program underscores our conviction in the long-term potential of SOL,” the company proclaimed at the onset. That day, SOL was trading at $206. SOL trades at $91 today. Forward Industries currently holds 6,979,967 SOL. Consider Forward Industries’ 10-Q for the quarter ended December 31, 2025, when the company reported a $585.65 million net loss. The same quarter a year