Forward Industries Buys $1.58 Billion In SOL, As Michael Saylor’s Strategy Continues BTC Accumulation
Forward Industries Inc (NASDAQ:FORD) has acquired 6.8 million Solana (CRYPTO: SOL) tokens for approximately $1.58 billion at an average price of $232 per token, marking the initial deployment of its $1.65 billion fundraising round as the company positions itself as “the leading Solana treasury company.”
The purchases represent the first major execution of Forward Industries’ Solana-focused treasury strategy, funded through a private investment round led by Galaxy Digital, Jump Crypto, and Multicoin Capital that closed Sep. 11.
The company acquired the tokens through both traditional open market purchases and on-chain transactions, including a $1 million trade executed via DFlow, a decentralized exchange aggregator built for Solana trading.
“Today’s purchase marks …
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