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ETH $1,571.76 -5.07%
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ADA $0.1586 -1.77%
BCH $217.60 -1.12%
LINK $7.40 -2.11%
HYPE $59.26 -5.32%
AAVE $62.17 -4.57%
SUI $0.7205 +1.77%
XLM $0.2016 +7.05%
ZEC $373.42 +17.18%

Forward Industries spent $1.58 billion to acquire over 6.82 million SOL

2025-09-15 20:08:53
Collection

ChainCatcher news, according to businesswire, Forward Industries announced the purchase of 6,822,000 Solana (SOL) at an average price of $232 each, totaling approximately $1.58 billion.

This transaction marks the first deployment of the company's $1.65 billion PIPE financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. All SOL purchased by Forward Industries have been staked, with some transactions completed through the Solana on-chain platform DFlow. The company plans to enhance the per-share value of SOL through active management and on-chain operations.

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