TSOLvsFWDI
21Shares Solana ETF vs Forward Industries
Side-by-side Solana treasury comparison: holdings, market cap, mNAV ratio, cost basis, and recent purchases. Numbers refresh every 5 minutes from SEC filings and live market data.
TSOL
21Shares Solana ETF
🇺🇸 US
38,166 SOL
$3.0M market value
FWDI
Forward Industries
🇺🇸 US
5,778,000 SOL
$447.7M market value
Metric
TSOL
FWDI
SOL holdings
38,166 SOL
5,778,000 SOL
Market value of SOL
$3.0M
$447.7M
Average cost per SOL
—
$178.92
Total cost basis
—
$1.0B
mNAV (market cap ÷ SOL value)
—
0.69×
Last disclosed purchase
Dec 31, 2025
Jun 30, 2026
- Dec 31, 2025+0 SOL—
- Sep 30, 2025+0 SOL—
- Jun 30, 2026+500,000 SOL$38.0M
- May 14, 2026+0 SOL$142.3M
- May 14, 2026+305,000 SOL$27.8M
TSOL vs FWDI: frequently asked
Which company holds more Solana, TSOL or FWDI?▾
Forward Industries (FWDI) holds 5,778,000 SOL, compared to 21Shares Solana ETF's (TSOL) 38,166 SOL — roughly 151.4× more.
What's the total Solana value on the balance sheets of TSOL and FWDI?▾
TSOL holds $3.0M worth of Solana at current market prices. FWDI holds $447.7M.
Who has a lower cost basis per SOL, TSOL or FWDI?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did TSOL last buy Solana?▾
TSOL disclosed a 0 SOL purchase on December 31, 2025.
When did FWDI last buy Solana?▾
FWDI disclosed a 500,000 SOL purchase on June 30, 2026.