According to Protos, the world’s largest publicly traded Solana treasury firm, Forward Industries, is facing an unrealized loss of nearly $1 billion on its SOL holdings. Despite earning approximately 6.7% staking yield, it has struggled to offset the decline in SOL’s price. Forward Industries launched its Solana treasury strategy in September 2025, purchasing SOL through a $1.65 billion private funding round led by Galaxy Digital, Jump Crypto, and Multicoin Capital. At the time, SOL was priced around $206. Currently, SOL is trading at approximately $91, and the company holds 6,979,967 SOL with an average cost of about $232, resulting in an unrealized loss of roughly $955 million. Financial reports show that the company posted a net loss of $585.65 million in Q4 2025, of which $560.2 million came from unrealized losses on digital assets, while staking income was only $17.4 million. Forward Industries’ stock price has also plummeted from its September 2025 peak of $46 to around $4.71. https://(wublock123.com)/news/solana-treasury-firm-1b-loss-staked-sol-6-7pc-yield-61044