Forward Industries Adds $39 Million of Solana to Treasury
Forward Industries acquired 500,000 Solana tokens for approximately $39 million last week, bringing the company’s total holdings to 7.55 million SOL. The purchase extends its position as the largest publicly traded holder of the digital asset, according to on-chain tracking and index filing data.
The acquisition was recorded in fiscal third-quarter financial disclosures and coincided with the company's recent addition to the Russell 2000 and Russell 3000 indexes. As of Thursday, the expanded treasury is valued at roughly $576 million based on current market pricing.
From the sources (3 posts)
@theblockcoTHE BLOCK: Forward Industries $FWDI now holds 7.55 million SOL worth more than $576 million, extending its lead as the largest publicly traded Solana treasury company. The company was recently added to the Russell 2000 and Russell 3000 in
@coinmarketcapLATEST: 💰 Forward Industries added over 500K SOL in fiscal Q3, expanding its Solana treasury to 7.55M SOL, worth about $576M.
@coingeckoNEWS: Forward Industries acquired 500,000 $SOL last week for ~$39M, bringing its total holdings to 7,550,000 Solana.