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Stock impact report

Nasdaq-Listed Solana Company Grows Treasury to $525M in SOL Holdings – Solana About to Explode? [Yahoo! Finance]

Forward Industries, Inc. (FORD) 
US:NASDAQ Investor Relations: forwardindustries.com
Company Research Source: Yahoo! Finance
treasury to more than 2.2 million SOL tokens worth over $525 million, combined with cash holdings exceeding $15 million, the company announced on October 6. The acquisition was made less than three weeks after the initial $500 million private placement closed on September 18 , with the combined value already surpassing the gross proceeds from the original capital raise. Cosmo Jiang, General Partner at Pantera Capital and Board Observer, noted the company is “ focused on maximizing shareholder value by efficiently accumulating Solana .” Institutional Solana treasury holdings have surged past $4 billion across 18 tracked participants controlling 3.1% of the circulating supply, according to Strategic Solana Reserve data. Source: Strategic Solana Reserve Forward Industries leads with 6.8 million SOL valued at $1.69 billion, followed by Sharps Technology with 2.1 million SOL and DeFi Development Corp with just over 2 million SOL. Multi-Billion Dollar Treasury Commitments Drive Show less Read more
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