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BTC $79,334.20 +1.79%
ETH $2,507.65 +2.23%
BNB $749.25 +0.22%
XRP $1.43 +3.29%
SOL $104.02 +2.01%
TRX $0.3385 -0.02%
DOGE $0.0905 +2.51%
ADA $0.2191 +1.37%
BCH $259.33 +2.35%
LINK $12.17 -1.83%
HYPE $86.27 +5.09%
AAVE $129.82 +1.88%
SUI $0.8124 +1.49%
XLM $0.1883 +0.87%
ZEC $1,276.19 +11.71%

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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