A comprehensive pivot launched in September 2025 to establish the company as a leading Solana-focused digital asset treasury. The strategy involves buying, holding, staking, and compounding SOL and SOL-related digital assets to maximize SOL-per-share for shareholders.

Expected impact: Establishment of the world's largest corporate Solana treasury (holding over 7 million SOL as of March 31, 2026) and generation of recurring staking revenue (6.5% to 7.2% gross APY).

Integration of SEC-registered public equity shares onto the Solana blockchain through Superstate's Opening Bell platform, allowing ex-US holders to use tokenized FWDI shares as collateral in decentralized finance (DeFi) protocols like Kamino.

Expected impact: Bridges traditional public equity markets with decentralized finance, enhancing liquidity and utility for international shareholders.

Development and testing of a proprietary automated market maker (PropAMM) on Solana, built with support from Galaxy Digital and infrastructure input from Jump Crypto.

Expected impact: Enables the company to participate directly in on-chain trading activity and capture new sources of yield and liquidity.

A comprehensive cost optimization program designed to materially improve the ongoing cost structure. Key actions include reducing fees under the Services Agreement with Galaxy Digital L.P., lowering outside legal fees, optimizing marketing expenses, and reducing third-party vendor fees.

Expected impact: Expected to reduce quarterly SG&A (excluding stock-based compensation) to an average run rate of $4.8 million, with specific SG&A categories declining 45% from $6.5 million in fiscal Q1 to $3.6 million by fiscal Q3.