The Company Holding 8.7 Million Solana Just Bought More at $75. Will SOL Bounce Back Soon?
10 Articles
10 Articles
The Company Holding 8.7 Million Solana Just Bought More at $75. Will SOL Bounce Back Soon?
Forward Industries keeps stacking Solana while the price slides and ETF money heads for the exits. That $75 average cost hides a detail, and the company's own valuation metric may limit how much more it can buy.
Key Points of the news: Forward Industries reported a tenure of 8,727,694 tokens from Solana and equivalent to November 9, 2026, which represents approximately 1.5% of the network's circulating supply. The company incorporated 226,396 SOL since September 30, 2026 at an average reported cost of 75 dollars. ... Read more
Forward Industries (FWDI) Is Borrowing Against Solana to Buy More Solana
TLDR Forward Industries now holds about 8.7 million SOL, worth roughly $726.5 million The company added 226,396 SOL since Oct. 1 through purchases and staking rewards It secured a two-year, $50 million credit line backed by staked SOL FWDI hit a near three-month low of $5.25 and is down more than 28% this year Forward [...]
Forward Industries' Solana reserve has reached 8,727,694 SOL; 226,396 SOL has been added since September 30. The company also announced a $50 million credit line and a USHP commitment.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
