FWDI Expresses Long-Term Optimism on Solana, Signals Offensive Strategy Amid Competitor Retrenchment
Ryan Navi, Chief Information Officer of Forward Industries (FWDI)—the largest corporate @Solana Official treasury holder—stated that current market mispricing is creating strategic opportunities. With no outstanding debt on its balance sheet, Forward Industries is well positioned to adopt an offensive strategy and potentially consolidate other $SOL -focused treasury entities should the industry face capital constraints.
Forward Industries currently holds nearly 7 million $SOL , exceeding the combined holdings of its next three competitors. Navi emphasized that an unleveraged balance sheet represents a fundamental competitive advantage in the crypto treasury sector. He noted that while other market participants are operating defensively, Forward Industries intends to act proactively.
He further reaffirmed that the company has no intention of employing leverage or debt financing in the future and views Solana as a long-term strategic investment in foundational infrastructure rather than a vehicle for short-term speculation.