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ETH $1,872.48 +0.77%
BNB $568.65 +0.83%
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TRX $0.3310 +0.24%
DOGE $0.0721 +4.53%
ADA $0.1645 +0.73%
BCH $209.44 +0.05%
LINK $8.36 +0.66%
HYPE $58.07 +1.90%
AAVE $91.46 -1.30%
SUI $0.7130 +0.52%
XLM $0.1785 +0.78%
ZEC $484.32 -0.24%

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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