Forward Industries secured a credit line of 50 million USD to advance the SOL++ strategy, while BitMine recorded a massive loss in the fiscal year 2026

According to BBX data, yesterday and in recent days, global crypto asset treasury companies disclosed the latest updates on treasury holdings, credit financing, and performance, with key information as follows:

• Forward Industries (NASDAQ: $FWDI) holds over 8.73 million SOL and secured a $50 million collateralized credit line: Solana treasury company Forward Industries disclosed that as of November 9, its balance sheet holds approximately 8.73 million SOL and SOL equivalents, accounting for about 1.5% of the total circulating supply of SOL. So far this quarter, the company has increased its holdings by approximately 226,000 SOL, with an average cost of about $75 (including staking yield conversion). Notably, the company announced that it has successfully obtained a $50 million two-year credit line from a federally chartered national bank. This credit is secured by the SOL held by the company, with a highly competitive loan rate (SOFR base rate plus 150 basis points), and the funds will be specifically used to advance its core SOL++ strategy.

• BitMine recorded a net loss of $6.3 billion for fiscal year 2026, with staking business revenue exceeding $120 million: Ethereum treasury company BitMine officially submitted its fiscal year 2026 annual report (ending August 31, 2026) to the U.S. SEC on November 10. The data shows that the company achieved revenue of approximately $125 million during the fiscal year (compared to only $6.095 million in the same period last year), with staking and validation business contributing about $121 million, accounting for as much as 97% of total revenue. However, affected by the cyclical fluctuations in crypto asset prices, the company's net loss for the period reached approximately $6.313 billion (compared to a net profit of about $349 million in the same period last year). The financial report pointed out that this massive loss mainly stems from approximately $6.229 billion in unrealized non-cash losses generated by its digital asset holdings.

• TON Strategy (NASDAQ: $TONX) reported a net loss of $24 million in Q3, with GRAM staking rewards under pressure: Nasdaq-listed company TON Strategy released its Q3 financial report. The total revenue for the quarter was $13.1 million, primarily driven by core GRAM staking rewards (a decrease from $15 million in Q2, mainly due to the decline in GRAM market prices). Burdened by an unrealized loss of $27.2 million in fair value from its GRAM holdings, the company recorded a net loss of approximately $24 million in Q3.

• OpenPayd disclosed its performance for the first half of fiscal year 2027, with strong growth driven by fiat currency infrastructure business: Renowned financial infrastructure service provider OpenPayd released its unaudited performance for the first half of fiscal year 2027 (from May to October 2026). During this period, revenue reached $47.5 million, with second-quarter revenue increasing by 44% year-on-year to $25.4 million. In the first half of the fiscal year, its fiat currency infrastructure business contributed 70% of the year-on-year revenue increase in banking and payment services, while the remaining 30% growth came from strong stablecoin business. The company revealed that based on excellent performance in October, its annualized revenue run rate has surpassed $107 million.