RT Superteam Germany (@SuperteamDE)🔥 SOLANA SUMMIT GERMANY 🔥Our big announcement is finally out.We’re bringing Internet Capital Markets into one room.@solana is going to take over Berlin 🚀Be the first to RSVP 👀👇 https://t.co/hmBr0a2bBG ...

RT Manish Dutta (@dutta_manish)Excited to announce a NASDAQ-listed company is tokenizing its stock on @solana.SEC registered West Coast Stock TA just adopted @alpha_ledger to bring direct digital ownership to investors - fully regulated, SEC-compliant, powered by Vulcan Forge.First issuer: @SiloPharma (NASDAQ: SILO).This isn't a pilot. This isn't a testnet. This is a registered transfer agent tokenizing real securities for real shareholders on a public blockchain.This is what we've been building toward. The ...

Core Insights - Forward Industries aims to become the "Berkshire Hathaway of the Solana ecosystem" despite facing nearly $1 billion in unrealized losses as Solana's price has dropped nearly 30% year-to-date [1][4][6] Company Summary - Forward Industries is the largest institutional holder of Solana, having accumulated over 6.9 million SOL since September 2025, with a total cost basis of approximately $1.59 billion at an average price of around $230 per token [2][3] - As Solana trades near $87, the current value of Forward Industries' stake is approximately $605.2 million, reflecting an unrealized loss of nearly $1 billion, or about 62% from its average entry price [4] - The company's stock price has also significantly declined from over $39 to roughly $5 since it began purchasing SOL, with a 31.47% drop in 2026 alone [5][6] Industry Context - Other firms in the digital asset treasury space, such as DeFi Development Corp, Upexi, and Sharps Technology, are also experiencing significant unrealized losses as Solana's price continues to decline [7] - The broader digital asset treasury model, where publicly listed companies hold crypto assets as their primary balance sheet instrument, is showing vulnerabilities amid a synchronized market decline [8] - Despite the challenges, developments within the Solana ecosystem continue, including the recent launch of "Solana Payments" to enhance on-chain payment adoption [9]

RT DoubleZero (@doublezero)DoubleZero - The [ Internet ] In Internet Capital MarketsFull @SolanaConf Accelerate APAC lightning talk by @Austin_Federa ↓ https://t.co/0FAz89aTG1 ...

“Anyone should be able to trade any asset, anywhere in the world, 24/7 with just an internet connection and a phone in their pocket”@KyleSamani explains his definition of Internet Capital Markets https://t.co/4dosF1WOXm ...

“The technology and the products available to Wall Street shouldn’t be limited to just New York or California and to the United States.”Lu Yin, Head of APAC at @SolanaFndn, explain why APAC is central to the vision of “Internet Capital Markets” at the Live Desk here at #ConsensusHK.CoinDesk Live in partnership with @Hex_Trust ...

~12 seconds → under 150ms. Alpenglow is coming.@anza_xyz's @0xbrw on what's next engineering Internet Capital Markets on Solana. https://t.co/cmbW8PLkBe ...

Financial Data and Key Metrics Changes - For the second quarter, total revenue was approximately $8.1 million, an increase of approximately $4 million or just over 100% compared to $4 million in the prior year quarter [15] - The net loss for the quarter was approximately $178.9 million or approximately $2.94 per share, primarily driven by $164.5 million of unrealized losses on digital assets [15][16] - The company had approximately $1.6 million in cash and 2.17 million Solana tokens as of December 31st [14] Business Line Data and Key Metrics Changes - Digital asset revenue for the six months ended December 31st, 2025, was approximately $11.2 million, reflecting the addition of the digital asset treasury business [14][15] - The treasury had an unrealized loss on digital assets of approximately $86.4 million, reflective of the Solana price per token of $124.48 at December 31st, 2025 [14][16] Market Data and Key Metrics Changes - The price of Solana fell 40% during the quarter and has fallen a further 31% since the quarter end [4][5] - The spot Solana ETFs launched and have seen over $850 million of net inflows since [11] Company Strategy and Development Direction - The company aims to increase yield, hedge positions using a maturing options market, and capitalize on top opportunities created by market volatility [8] - The strategic plan includes raising capital above NAV to increase digital assets per share and issuing in-kind convertible notes at a premium to NAV [18] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the future despite challenges, citing improving fundamentals for Solana and the potential for price appreciation [5][6] - The company believes that the subsector will work through oversupply through M&A or asset sales, and anticipates multiple expansion in a bull market [7][8] Other Important Information - The company became shelf-eligible during the quarter and filed a shelf registration statement on Form S-3 with the SEC [12] - A $50 million share repurchase program was announced, adding another tool for capital management [12] Q&A Session Summary Question: Any change in terms of capital raising strategy given the pressure on Solana? - Management stated there has been no change in perspective and they continue to aim to raise capital above NAV [22] Question: How to weigh buying SOL versus keeping a reserve? - Management emphasized the importance of maintaining cash reserves during volatile periods and mentioned the potential for hedging positions as the options market matures [24][25] Question: Any updates on generating additional yield outside of staking? - Management is exploring a strategy that can generate high yield in a low-risk way, with a focus on recurring and low-risk opportunities [35]

Financial Data and Key Metrics Changes - For the second quarter, total revenue was approximately $8.1 million, an increase of approximately $4 million or just over 100% compared to $4 million in the prior year quarter [15] - For the six months ended December 31st, 2025, total revenue was $17.3 million, compared to $8.4 million in the prior period [15] - The net loss for the quarter was approximately $178.9 million or approximately $2.94 per share, primarily driven by $164.5 million of unrealized losses on digital assets [15][16] - The company had approximately $1.6 million in cash and 2.17 million Solana tokens as of December 31st [14] Business Line Data and Key Metrics Changes - Digital asset revenue for the six months ended December 31st, 2025, was approximately $11.2 million, reflecting the addition of the digital asset Treasury business [14][15] - The Treasury had an unrealized loss on digital assets of approximately $86.4 million, reflective of the Solana price per token of $124.48 at December 31st, 2025 [14][16] - The company increased the number of Solana tokens in its Treasury during the quarter by approximately 106,000 tokens [16] Market Data and Key Metrics Changes - The price of Solana fell 40% during the quarter and has fallen a further 31% since the quarter end [4][5] - The Spot Solana ETFs launched and have seen over $850 million of net inflows since [11] Company Strategy and Development Direction - The company aims to increase yield, hedge positions using a maturing options market, and capitalize on top opportunities created by market volatility [8] - The strategic plan includes raising capital above NAV to increase digital assets per share and issuing in-kind convertible notes at a premium to NAV [18] - The company is focused on developing a high-yield strategy that is low-risk and familiar to traditional investors, with plans to launch this strategy in the second quarter [29][36] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the future despite a turbulent start to 2026, citing potential for Solana price appreciation and the ability to increase Solana per share [6][8] - The company believes that the subsector will work through oversupply through M&A or asset sales, and expects multiple expansion in a bull market [7][8] - Management emphasizes the importance of maintaining cash reserves and being prudent in capital allocation during volatile market conditions [24][25] Other Important Information - The company became shelf-eligible during the quarter and filed a shelf registration statement on Form S-3 with the SEC [12] - A $50 million share repurchase program was announced, adding another tool for capital management [12] Q&A Session Summary Question: Any change in terms of capital raising strategy given the pressure on Solana? - Management stated there has been no change in perspective and they continue to aim for raising capital above NAV [22] Question: Weighing buying SOL versus keeping a reserve? - Management emphasized the importance of maintaining cash reserves during volatile periods and being prudent with capital [24] Question: Any updates on generating additional yield outside of staking? - Management is in the exploratory phase for high-yield strategies that are low-risk and will provide more details in the future [35]

RT Birdeye Data (@birdeye_data)2025 undoubted leader: @Solana.✅ Highest DEX volume✅ Highest REV✅ Largest native-token holder base✅ Fastest stablecoin growth✅ Highest USDC usage✅ Highest new trading tokenFrom Solana 2025: The Year of Internet Capital Markets report, with support from @orca_so ⚡ https://t.co/qvtqqxunjU ...