Solana pressures treasuries; Forward records unrealized loss

Answer: No public figure; infer average buy price of SOL treasuries

There is no single public figure for the average buy price of top Solana (SOL) treasuries. Organizations rarely disclose a consolidated cost basis for each wallet or program.

Analysts generally infer a blended entry price from on-chain movements and disclosed holdings. This requires careful assumptions and transparent caveats to avoid overconfidence.

Why this matters: unrealized losses, FASB fair value, risk

Unrealized losses can be material for entities with large SOL allocations. Under modern fair-value accounting for digital assets, quarterly and annual results may reflect sharper income-statement volatility.

According to the Financial Accounting Standards Board (FASB), fair-value measurement applies to eligible digital assets, which heightens mark-to-market effects on reported earnings and equity. This can influence risk appetite, treasury diversification, and internal controls.

Editorial context: coverage has highlighted the scale of drawdowns at concentrated holders. As reported by BeInCrypto, "Forward Industries records nearly $1 billion in unrealized losses on Solana, but stays focused on long-term goals."

Key details and how to estimate responsibly

A responsible estimate of a treasury’s average buy price starts with verifiable wallet inventories and dated inflows. The approach should align on-chain evidence with any corporate disclosures about acquisition timing, size, and purpose.

Where transaction context is ambiguous, analysts should present ranges based on observable windows and label outputs as indicative, not definitive. The objective is decision-useful transparency, not precision beyond available evidence.

Forward Industries: SOL exposure, near $1B unrealized loss, implied cost basis

According to The Cryptonomist, Forward Industries amassed over 6.8 million SOL, deployed after raising about $1.65 billion; the same coverage discusses a near $1 billion unrealized loss. Using those figures solely as inputs to illustrate method, an implied blended cost can be sketched.

If current market value equals holdings times spot price, and unrealized loss equals cost basis minus market value, then cost basis is the sum of market value and unrealized loss. With 6.8 million SOL and a spot near $83, the arithmetic implies a cost basis in the ballpark of $1.56 billion, or roughly $230 per SOL. This is an illustration, not an audited figure; OTC flows, staking rewards, internal transfers, and timing mismatches can shift the true basis.

Methodology: wallet tagging, transfer histories, VWAP windows; limitations, internal transfers, OTC buys, incomplete coverage; clarify crypto treasuries (SOL), not U.S. Treasuries

Start by tagging likely treasury wallets from company statements, custodial labels, governance multisigs, and consistent funding paths. Reconstruct transfer histories to identify accumulation windows and compute volume-weighted average price (VWAP) for those periods.

Reconcile on-chain tallies with disclosed totals where available, and separate primary acquisitions from internal reshuffling. Present results as ranges with confidence notes, and update as new addresses or disclosures surface.

There are hard limits. Internal transfers can mimic buys, OTC acquisitions may never hit exchange paths, and analytics often miss cold-storage or custodian sub-accounts. These uncertainties argue for conservative interpretation and scenario bands.

For clarity, “treasuries” here means organizations’ crypto reserves held in SOL, not U.S. Treasury securities. At the time of this writing, SOL trades around $83.08 with 14.09% 30-day volatility; trend markers show a 50-day SMA near 108.62 and 200-day SMA near 147.55, while RSI sits around 45 with broadly bearish sentiment.