Solana Digital Asset Treasuries Halt SOL Purchases as Unrealized Losses Grow

Companies that adopted Solana (SOL) as a strategic treasury asset are experiencing substantial unrealized losses as the SOL price dropped in January, erasing year-to-date gains. Forward Industries, holding over 1.1% of the total SOL supply, faces over $700 million in unrealized losses, representing a 46% decline from its $1.59 billion acquisition cost. Despite this, Forward Industries continues to earn staking rewards, though these are small relative to the losses, and the company remains optimistic about Solana's 2026 roadmap aiming to establish it as a "decentralized Nasdaq."

Forward Industries is not alone; other Digital Asset Treasuries (DATs) like Upexi and Sharps Technology are also reporting heavy losses. This market downturn has caused FWDI's stock price to drop over 80% since announcing its SOL purchases. Reflecting growing caution, DATs have stopped accumulating new SOL over the past two months, with total accumulated SOL stalling at 17.7 million. Analysts warn that if SOL breaks below the $120 support level, losses could amplify significantly, though high staking ratios suggest current holders are not yet selling.

(Source：BeInCrypto)