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LINK $9.59 -0.96%
HYPE $47.40 +1.59%
AAVE $89.70 -0.43%
SUI $1.06 -0.21%
XLM $0.1477 -1.93%
ZEC $565.62 +4.72%

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

2025-09-15 20:08:53
Collection

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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