COINvsFWDI
Coinbase vs Forward Industries
Side-by-side crypto treasury comparison across tokens: COIN (Bitcoin) vs FWDI (Solana). USD market value is directly comparable; token-native amounts are shown for context. Numbers refresh every 5 minutes.
Mixed-token comparison. COIN holds Bitcoin, FWDI holds Solana — token-native amounts are shown side-by-side for context, but USD market value is the only directly comparable metric.
COIN
Coinbase
🇺🇸 US
16,949 BTC
$1.1B market value
FWDI
Forward Industries
🇺🇸 US
5,778,000 SOL
$447.8M market value
Metric
COIN
FWDI
Holdings (BTC / SOL)
16,949 BTC
5,778,000 SOL
Market value of treasury
$1.1B
$447.8M
Average cost per token
$98,950.50
$178.92
Total cost basis
$1.7B
$1.0B
mNAV (market cap ÷ token value)
37.79×
0.69×
Last disclosed purchase
May 7, 2026
Jun 30, 2026
Country
- May 7, 2026+1,073 BTC$85.8M
- Jun 30, 2026+500,000 SOL$38.0M
- May 14, 2026+0 SOL$142.3M
- May 14, 2026+305,000 SOL$27.8M
- Feb 12, 2026+-1,881,000 SOL$149.1M
COIN vs FWDI: frequently asked
Which company has a larger crypto treasury by USD value, COIN or FWDI?▾
COIN (Bitcoin) holds 16,949 BTC worth $1.1B. FWDI (Solana) holds 5,778,000 SOL worth $447.8M. COIN has the larger USD-value treasury — roughly 2.4× larger.
Can you compare COIN's BTC holdings directly to FWDI's SOL holdings?▾
Not in token-native amounts — COIN holds Bitcoin and FWDI holds Solana, so "16,949 BTC" and "5,778,000 SOL" measure different assets. The honest comparison is USD market value: $1.1B vs $447.8M at current prices.
What's COIN's cost basis per BTC, and FWDI's per SOL?▾
COIN's average cost is $98,950.50 per BTC. FWDI's is $178.92 per SOL. These aren't directly comparable across tokens — each is the company's average against its own asset.
When did COIN last buy Bitcoin?▾
COIN disclosed a 1,073 BTC purchase on May 7, 2026.
When did FWDI last buy Solana?▾
FWDI disclosed a 500,000 SOL purchase on June 30, 2026.