Forward Industries expands its Solana holdings to 7.55 million coins, with the stock price rising over 17% at one point

According to The Block, the publicly listed company Forward Industries (FWDI) purchased over 500,000 SOL in the fiscal quarter ending Tuesday, increasing its Solana inventory to approximately 7.55 million SOL, valued at about $776 million (approximately $576 million in the text, fluctuating with market prices), making it the largest SOL financial holder among the three publicly listed companies with Solana inventories.

The company stated that it issued 93,642 shares through an ATM this quarter and repurchased shares when the stock price was below the net asset value per share of SOL, aiming to "maximize each SOL share and enhance long-term shareholder value." As a result, FWDI's stock price rose over 17% during the trading session, and the price of Solana also climbed to a January high of about $77.