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BTC $79,124.56 +1.12%
ETH $2,505.80 +1.26%
BNB $744.51 -0.71%
XRP $1.43 +1.74%
SOL $104.02 +1.13%
TRX $0.3385 -0.19%
DOGE $0.0902 +0.98%
ADA $0.2190 -0.35%
BCH $258.14 +0.95%
LINK $12.11 -3.14%
HYPE $86.41 +3.44%
AAVE $130.16 +1.09%
SUI $0.8103 +0.04%
XLM $0.1882 -0.34%
ZEC $1,283.26 +10.28%

Forward Industries spent $1.58 billion to acquire over 6.82 million SOL

2025-09-15 20:08:53

ChainCatcher news, according to businesswire, Forward Industries announced the purchase of 6,822,000 Solana (SOL) at an average price of $232 each, totaling approximately $1.58 billion.

This transaction marks the first deployment of the company's $1.65 billion PIPE financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. All SOL purchased by Forward Industries have been staked, with some transactions completed through the Solana on-chain platform DFlow. The company plans to enhance the per-share value of SOL through active management and on-chain operations.

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