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Stock impact report

Solana Gets Another Treasury Firm with $2B Plan Backed by DeFi Protocol Marinade [Yahoo! Finance]

Forward Industries, Inc. (FORD) 
US:NASDAQ Investor Relations: forwardindustries.com
Company Research Source: Yahoo! Finance
systems, unveiled Wednesday a $2 billion Solana (SOL) treasury strategy, joining a growing trend of listed companies pivoting to digital asset treasury plays. The initiative, led by VisionSys subsidiary Medintel Technology, is to begin with a plan to acquire and stake $500 million in SOL within the next six months, the company said in a press release . The firm teamed up with Marinade, one of the largest staking operators on Solana with a $2.2 billion total value locked on the protocol, to manage and generate yield on holdings. VisionSys AI's stock was down 20% premarket following the news, but has been a hot name this year, rising more than 300% since coming available for trade in April. The firm yesterday appointied early Solana backer Hakob Sirounian as chief strategy officer to oversee the firm's "initiatives in blockchain and decentralized technologies." SOL was among the top performers in a rallying crypto market on Wednesday, ahead 6% to $219. The company is the latest Show less Read more
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