PHXvsFWDI
Phoenix Group PLC vs Forward Industries
Side-by-side crypto treasury comparison across tokens: PHX (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. PHX 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.
PHX
Phoenix Group PLC
🇦🇪 AE
641 BTC
$41.5M market value
FWDI
Forward Industries
🇺🇸 US
5,778,000 SOL
$447.8M market value
Metric
PHX
FWDI
Holdings (BTC / SOL)
641 BTC
5,778,000 SOL
Market value of treasury
$41.5M
$447.8M
Average cost per token
$65,230.69
$178.92
Total cost basis
$41.8M
$1.0B
mNAV (market cap ÷ token value)
—
0.69×
Last disclosed purchase
Dec 31, 2025
Jun 30, 2026
Country
- Dec 31, 2025+-300 BTC$26.5M
- Sep 30, 2025+-100 BTC$11.4M
- Jun 30, 2026+500,000 SOL$38.0M
- May 14, 2026+0 SOL$142.3M
- May 14, 2026+305,000 SOL$27.8M
PHX vs FWDI: frequently asked
Which company has a larger crypto treasury by USD value, PHX or FWDI?▾
PHX (Bitcoin) holds 641 BTC worth $41.5M. FWDI (Solana) holds 5,778,000 SOL worth $447.8M. FWDI has the larger USD-value treasury — roughly 10.8× larger.
Can you compare PHX's BTC holdings directly to FWDI's SOL holdings?▾
Not in token-native amounts — PHX holds Bitcoin and FWDI holds Solana, so "641 BTC" and "5,778,000 SOL" measure different assets. The honest comparison is USD market value: $41.5M vs $447.8M at current prices.
What's PHX's cost basis per BTC, and FWDI's per SOL?▾
PHX's average cost is $65,230.69 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 PHX last buy Bitcoin?▾
PHX disclosed a -300 BTC purchase on December 31, 2025.
When did FWDI last buy Solana?▾
FWDI disclosed a 500,000 SOL purchase on June 30, 2026.