SOL-focused Forward Industries has had a tough run, but CIO says it's positioned for success

With no debt and the largest public solana treasury, Forward Industries' CIO says it can play offense and consolidate rivals as the sector strains. What to know : With nearly 7 million in SOL, Forward Industries (FWDI) holds the largest publicly listed solana treasury, bigger than its next three competitors combined. CIO Ryan Navi says market dislocation has created an opening for the company to consolidate weaker digital asset treasury companies while building toward a long-term, permanent-capital model. Backed by Galaxy Digital, Jump Crypto and Multicoin Capital, the firm is using staking, liquid staking tokens and disciplined capital markets strategies to drive per-share accretion.