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BTC $79,348.55 +1.92%
ETH $2,511.21 +2.45%
BNB $747.72 +0.52%
XRP $1.43 +2.49%
SOL $103.97 +1.77%
TRX $0.3386 +0.04%
DOGE $0.0906 +2.37%
ADA $0.2190 +0.98%
BCH $257.83 +2.04%
LINK $12.13 -2.07%
HYPE $86.42 +4.94%
AAVE $130.07 +2.04%
SUI $0.8094 +1.11%
XLM $0.1885 +0.64%
ZEC $1,275.48 +11.26%

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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