VisionSys AI Stock Plummets on Plans to Buy Up to $2 Billion Worth of Solana [Yahoo! Finance]
Forward Industries, Inc. (FORD)
US:NASDAQ Investor Relations:
forwardindustries.com
Company Research
Source: Yahoo! Finance
firm is aiming to create a Solana treasury holding up to $2 billion worth of the popular cryptocurrency. VSA shares were recently trading at $2.05, down 40% on the day. They fell as low as $1.26 earlier in the day. Despite the drop, VSA shares are up more than 200% year-to-date. To execute the treasury strategy, the firm's wholly owned subsidiary Medintel Technology Inc has entered into an exclusive partnership with Solana DeFi protocol, Marinade Finance. "This partnership represents a once-in-a-generation opportunity to integrate digital assets into our corporate DNA," said VisionSys AI CEO Heng Wang, in a statement. “It positions VisionSys as a pioneer of AI-driven blockchain treasury management. By leveraging Marinade's unparalleled expertise, we are not just strengthening our treasury; we are building a foundation for the future.” The firm's first goal is to acquire and stake $500 million in Solana within the next six months, but ultimately hopes to create a treasury worth
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News
- Largest Corporate Solana Holder Transfers 1.8 Million SOL To Coinbase—Is a Sell-Off Coming? [Yahoo! Finance]Yahoo! Finance
- BitMine Names New CEO Amid Rapid Growth of Its $11B Ether Stack [Yahoo! Finance]Yahoo! Finance
- Forward Industries Announces NASDAQ Ticker Symbol Change to ‘FWDI’ Effective November 17, 2025Business Wire
- Would-Be $2 Billion Solana Treasury Company's Stock Crashes After Share Offering [Yahoo! Finance]Yahoo! Finance
- Solana Treasury Firm Forward Industries Files Prospectus and Approves $1B Share Repurchase Program [Yahoo! Finance]Yahoo! Finance
FORD
Sec Filings
- 12/5/25 - Form 8-K
- 11/14/25 - Form 8-K
- 11/14/25 - Form 424B5
- FORD's page on the SEC website