Forward Industries, the SOL treasury company, increased its holdings by over 500,000 SOL in the quarter
Odaily reported that the Nasdaq-listed company Forward Industries announced an increase of over 500,000 SOL in its holdings during the third fiscal quarter. The company’s total SOL holdings have now reached 7.55 million, valued at approximately $576 million. During this period, the company acquired these tokens at an average price of around $79 per SOL.
Data shows that Forward Industries’ SOL holdings have surpassed the combined holdings of the other three largest publicly listed Solana treasury companies (Solana Company, DeFi Development Corp., and Upexi). Driven by this news, Forward Industries’ share price rose more than 17% today, and the Solana price also rebounded above $77. (The Block)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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