VSOLvsFWDI
VanEck 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.
VSOL
VanEck Solana ETF
🇺🇸 US
187,884 SOL
$14.5M market value
FWDI
Forward Industries
🇺🇸 US
5,778,000 SOL
$444.6M market value
Metric
VSOL
FWDI
SOL holdings
187,884 SOL
5,778,000 SOL
Market value of SOL
$14.5M
$444.6M
Average cost per SOL
—
$178.92
Total cost basis
—
$1.0B
mNAV (market cap ÷ SOL value)
—
0.69×
Last disclosed purchase
Jul 10, 2026
Jun 30, 2026
- Jul 10, 2026+-9,836 SOL$768.0K
- Jul 9, 2026+-3,597 SOL$280.9K
- Jul 8, 2026+11,041 SOL$855.0K
- Jul 7, 2026+11,696 SOL$945.4K
- Jul 3, 2026+12,135 SOL$998.2K
VSOL vs FWDI: frequently asked
Which company holds more Solana, VSOL or FWDI?▾
Forward Industries (FWDI) holds 5,778,000 SOL, compared to VanEck Solana ETF's (VSOL) 187,884 SOL — roughly 30.8× more.
What's the total Solana value on the balance sheets of VSOL and FWDI?▾
VSOL holds $14.5M worth of Solana at current market prices. FWDI holds $444.6M.
Who has a lower cost basis per SOL, VSOL or FWDI?▾
Cost basis disclosure is inconsistent across these two entities; check each company's detail page for per-purchase history.
When did VSOL last buy Solana?▾
VSOL disclosed a -9,836 SOL purchase on July 10, 2026.
When did FWDI last buy Solana?▾
FWDI disclosed a 500,000 SOL purchase on June 30, 2026.