Husband/Father of 3/ Poppy to Catherine/CEO Forward Industries (FORD)/Chanticleer Foundation/Avenel Financial Group/Coastal Carolina Alumnus (Baseball)
Charlotte, NC
Joined May 2009
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mike pruitt retweeted
Forward Industries does not custody or hold funds on Binance or affiliated platforms.
Our team will continue to monitor the situation and wish the Binance team the best in resolving this matter.
mike pruitt retweeted
@FWDind now owns 8.5M $SOL — roughly 1.4% of Solana’s circulating supply.
But that’s not the $FWDI number I’m watching.
SOL per fully diluted share has increased:
0.0604 → 0.0806
That’s +33% in one year and +10.4% last quarter.
Why does this matter?
A treasury company can issue stock, buy SOL and announce that its holdings increased.
That doesn’t necessarily create value for existing shareholders if dilution grows faster than the treasury.
Last quarter, Forward’s fully diluted share count increased from 103.5M → 105.5M.
But its $SOL holdings increased from 7.55M → 8.50M.
The treasury grew considerably faster than the share count.
Result: SOL per diluted share increased another 10.4%.
8.5M SOL gets the headline.
0.0806 SOL/share is the number I’m watching.
The real $FWDI thesis is whether Forward can continue compounding that number over time.
mike pruitt retweeted
8.5M $SOL held. 949K SOL added this last quarter alone.
More in our press release below.
mike pruitt retweeted
"We are extremely bullish at Forward, the setup is as good as we could hope"
- CIO @RyanNavi on @crypto_banter
youtube.com/watch?v=BWUp8ilW…
That’s our coach ❤️👌⚾️ #Brotherhood
Chris Lemonis has already been to the top of the sport.
Now the national championship-winning coach and Myrtle Beach native gets a chance to build his next contender back home with @CoastalBaseball.
🔗 buff.ly/Yps5ARy
mike pruitt retweeted
Forward CIO @RyanNavi explains how the company was able to raise $25M from institutional investors in a single transaction to acquire more solana:So11111111111111111111111111111111111111112
mike pruitt retweeted
Forward's previously announced $25M Registered Direct Offering was completed today.
“Forward is growing rapidly, and we are strengthening our financial position as we scale. We secured substantial institutional capital in a single transaction on terms we believe are favorable, without adding ongoing balance sheet obligations. This financing positions us to expand our SOL treasury and increase SOL per share..." - @RyanNavi, Forward CIO
mike pruitt retweeted
+357,000 solana:So11111111111111111111111111111111111111112
Between August 4th and September 21, @FWDind 's treasury has grown by approx. 357K SOL to a total of 8.16M SOL at an average cost of $78.26 per SOL.
mike pruitt retweeted
"The strongest way to back an ecosystem is to build inside it."
@RyanNavi on Forward's model: investing in durable, Solana-native sources of yield while helping the ecosystem grow.
The future of finance runs on Solana.
mike pruitt retweeted
TradingFloor goes LIVE at 11am Eastern with two stellar guests pitching trades:
➡️ @RyanNavi - CIO, @FWDind
➡️ @CryoPalmar - Founder, Palmar Consultancy
RSVP below 👇
mike pruitt retweeted
Commissioner @HesterPeirce signalled the SEC will address vaults and lending protocols. Forward Industries didn't wait to react.
$FWDI General Counsel @GeorgiaQuinnEsq on the three-tier framework she's putting to the SEC and CFTC.
Moving Solana Forward.
Moving Solana Forward $ FWDI
We're seeing new highs in activity on Solana with each passing month from both retail and institutional participants. A clear framework to enable developers to innovate with regulatory clarity and for users to understand how the products they use are regulated is a critical step for this growth to accelerate. While this is just a first step, we are grateful for the opportunity for dialogue and industry input. I’ll be at the Solana Policy Institute event next week if you want to chat…solanapolicyinstitute.org/su…
mike pruitt retweeted
Forward Industries General Counsel @GeorgiaQuinnEsq authored this Digital Asset Vault Framework for the SEC to push forward a clearer path for DeFi builders and users across the industry.
mike pruitt retweeted
Forward Industries urges shareholders of SkyAI to vote no at 2026 annual meeting.
We believe SkyAI shareholders deserve greater accountability from a board that has failed to deliver value.
globenewswire.com/news-relea…
mike pruitt retweeted
In case you couldn’t tell, I was talking about Canton. 😬
A closed network with a toll on top isn't novel enough to win on merit. The risk is that it gets written into a standard instead.
@GeorgiaQuinnEsq, General Counsel of Forward Industries, on why open networks matter.
Build on Solana.
mike pruitt retweeted
Kyle Samani (@KyleSamani) returns to TOKEN2049 Singapore.
Chairman of @FWDind. He co-founded Multicoin Capital in 2017 and led all three fundraising rounds for Solana before network launch. Forward Industries closed a $1.65 billion PIPE, cosponsored by Jump and Galaxy, and Samani invested $25 million of his own capital in the round.
7-8 October, Marina Bay Sands.
Why do institutions look at RWA collateral differently?
Because there's a book of records behind the token. Hack it, and it can be burned and reissued to the proper owner.
@RyanNavi, CIO of Forward Industries, on non-bearer assets onchain.