Forward Industries Sends $32M in Solana to Coinbase as Treasury Losses Top $1B

Forward Industries Sends $32M in Solana to Coinbase as Treasury Losses Top $1B

Forward Industries moved $31.9M in SOL to Coinbase Prime as its Solana treasury sits over 70% underwater, highlighting mounting pressure on crypto treasury strategies.

Solana Treasury Giant Sends 455,784 SOL To Coinbase Prime - Invest In Crypto News

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Solana Treasury Giant Sends 455,784 SOL To Coinbase Prime

The largest Solana treasury company has deposited a notable amount of SOL to Coinbase Prime, a potential sign that the firm is looking to sell. Forward Industries Has Made A Large Solana Deposit To Coinbase As highlighted by on-chain sleuth Lookonchain in an X post, Forward Industries has transferred some of its Solana to Coinbase Prime, the institution-focused branch of cryptocurrency exchange Coinbase. Forward Industries is a design and manufa…

Solana Treasury Firm Forward Industries Moves $32 Million to Coinbase Prime, Sparks Selloff Fears

Bearish pressure across the crypto market continues to intensify, and digital asset treasury companies are increasingly feeling the impact. Forward Industries (NASDAQ: FORD), a product design company with a sizable Solana treasury, has now moved a significant portion of its holdings to an exchange, raising questions about potential selling activity. The company recently transferred approximately 455,784 Solana (SOL), worth around $32 million at …

Forward Industries moves $32M in Solana to exchange after nursing nine-figure losses

Forward Industries' asset shift highlights the volatility and strategic challenges faced by firms heavily invested in digital currencies. The post Forward Industries moves $32M in Solana to exchange after nursing nine-figure losses appeared first on Crypto Briefing.

Forward Industries Shifts $32M SOL Amid $1B Paper Loss

Forward Industries moved 455,784 SOL to Coinbase Prime, according to Arkham Intelligence, marking its first on-chain activity in about a month. The Nasdaq-listed company’s transfer underscores its ongoing exposure to Solana and comes as the firm sits on sizable unrealized losses from its large-scale SOL treasury bet. Public disclosures show Forward began accumulating SOL in September 2025, ultimately becoming the largest corporate holder of the …