🚨BREAKING: Forward Industries (@FWDind) is back to buying $SOL. The largest Solana treasury by holdings bought over 500K $SOL ($39.5M) in fiscal Q3 at an average price of $79, taking its total holdings to 7.55M $SOL.

REPORT: Solana Treasury Companies @FWDind and @defidevcorp reported Q1 2026 earnings with revenue at $13M and $2.66M respectively. Both also recorded larger unrealised losses as $SOL prices fell during the quarter, with Forward posting $283.1M in losses and DFDV reporting $83.4M.

Forward Industries just widened its Solana lead @FWDind's shares jumped more than 17% Wednesday after the Nasdaq company said it bought over 500,000 SOL during its fiscal third quarter, which ended June 30. Total holdings now sit at 7.55 million $SOL, worth about $576 million. Acquired at an average price near $79 per token. That's more SOL than the next three largest publicly traded Solana treasury firms combined, per The Block's data. Forward's CIO put it simply: maximize SOL per share, build long-term value. The company is also leaning on its new Russell 2000 and 3000 inclusion to raise fresh capital. $FWDI trading near $4.93. SOL touched a one-month high above $77, well off its June low near $60.

📰 Solana 24-Hour Recap Capital Markets & RWAs - Solana led all chains in net inflows with $723M over the past 30 days, more than 3× the runner-up. - Solana’s RWA ecosystem reached a new all-time high, surpassing $3.4B in total value and ranking #1# by RWA count. - Tokenized stock transfer volume on Solana crossed $10B, while U.S. spot Solana ETPs recorded more than $150M in Q2 inflows. - Bending Spoons ($BSPx) launched on Solana through @xstocksfi, giving users institutional-style IPO exposure. Governance & Infrastructure - @SolanaFndn launched fully onchain governance, allowing validators to vote on core protocol changes through Solana Governance Proposals (SGPs). - @helium added a new governance tab in Helium World for $HNT holders to track proposals, staking, and participation. - @fwdind expanded its treasury by 500K SOL and now holds more than 7.5M SOL. Payments, Social & AI - @LooftaPay launched private crypto payments on mainnet using handles and email-based transfers, with bank withdrawals supported. - @xo_app launched its AI-powered Web3 social app on Solana Seeker, with Aura recording 11.5M+ lifetime events. - @LoraFinance announced its migration from MegaETH to Solana, citing liquidity depth and execution speed for V2. Jupiter Ecosystem - @JupiterExchange launched a $25K reward card drop for traders of @Tessera_PE tokens, with rewards of up to $500 in JUPUSD. - @Jup_OfferBook introduced fixed-term lending for One Piece grails, offering up to 20% APY backed by PSA 10 cards. - @Jup_Academy released new community-written lessons aimed at onboarding the next wave of Solana users.

Projects Fundraising on RootData (May 3 - May 10) Last week, 13 blockchain companies/projects received funding. 💎 @reapglobal — Web3 payment infrastructure, was acquired by @krakenfx in $600M. 💎 @HoudiniSwap — Privacy cross-chain protocol, was acquired by @solstrategies in $18M. 💎 @opentrade_io — DeFi for the real world, raised $17M in strategic round by @mercuryfund, NotionCapital, @a16zcrypto & others. 💎 @onrefinance — On-chain reinsurance company, raised $5M in Series A by @FWDind & @Rockaway_X. 💎 @saturn_credit — Stablecoin yield protocol, raised $2M in seed round by @TheSpartanGroup, @Anchorage, Susquehanna Crypto & others.

0/ A personal update I have decided to step back from @multicoin. It's a bittersweet moment for me because my time at Multicoin has been some of the most meaningful and rewarding of my life. That said, I am excited to take some time off and explore new areas of technology. After nearly a decade in crypto, I’m more confident than ever that crypto is going to fundamentally rewire the circuitry of finance. I believe the Clarity Act will unlock a tidal wave of new entrants and spur adoption unlike anything we’ve seen. I remain bullish on crypto, specifically Solana, and intend to continue making personal investments in the space and supporting Multicoin portfolio companies. Moreover, I will continue to serve on the board of @zama, and I will continue in my role as Chairman at Forward Industries (@FWDind). More on Forward in next tweet. It goes without saying that I also remain bullish on Multicoin. My partners @tushar_jain, Brian Smith, @johnrobertreed, @mattshap1, @xethalis, @SpencerApplebau, and @shayonsengupta are some of the best investors and operators in the world. I am excited for them to continue to drive the crypto ecosystem and Multicoin forward for many years to come. To all of our portfolio founders, LPs, and industry partners—thank you for the opportunity to work with you. For reference, here is the letter we shared with LPs today