Forward Industries Plans Aggressive Strategy to Consolidate SOL Treasury Firms Amid Market Pressure

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Forward Industries CIO Ryan Navi said market trends are creating consolidation opportunities for Solana treasury firms. The company holds nearly 7 million SOL, more than the next three firms combined, and has no debt. Navi said a debt-free balance sheet is a key advantage in the crypto treasury market. The firm will continue using a market-making strategy focused on Solana as long-term infrastructure.

Odaily Planet News: Ryan Navi, Chief Information Officer of Solana Treasury Company Forward Industries (FWDI), stated that the current market has mispricing, creating potential opportunities for the company. Ryan Navi pointed out that Forward Industries currently has no debt, and if the industry faces a funding crunch, the company will adopt an aggressive strategy to drive the consolidation of other SOL treasury companies.

He revealed that Forward Industries currently holds nearly 7 million SOL, with a position size exceeding the combined holdings of the three competitors immediately following it. Ryan Navi further stated that the balance sheet, which is unleveraged and debt-free, is considered a core advantage in the crypto custody market, and the company will continue to allocate Solana as a long-term strategic infrastructure, rather than a short-term speculative tool, without using leverage or taking on debt. (Coindesk)

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