Forward Industries Eyes Berkshire Hathaway Status as SOL Losses Near $1 Billion

Forward Industries, the largest institutional holder of Solana (SOL), is pursuing a long-term strategy to become the "Berkshire Hathaway of the Solana ecosystem," even as its SOL holdings have resulted in nearly $1 billion in unrealized losses. The company began accumulating SOL in September 2025, investing approximately $1.59 billion at an average price of $230 per token. However, with SOL currently trading around $87, its stake is now worth roughly $605.2 million, representing a 62% loss. Despite this significant drawdown and a 31.47% decline in FWDI shares in 2026 alone, Forward Industries remains confident in Solana's potential, particularly in the realm of internet capital markets. Other firms, including DeFi Development Corp and Bitmine, are also experiencing substantial unrealized losses in the crypto market, highlighting the vulnerabilities of the current digital asset treasury model. Despite the price struggles, Solana continues to see ecosystem development, recently launching "Solana Payments" with support from major financial players like Visa and PayPal.

(Source：BeInCrypto)