TechFlow, September 15 — According to BusinessWire, Forward Industries (Nasdaq: FORD) announced it has completed the initial purchase of Solana (SOL) tokens, acquiring a total of 6.822 million SOL at an average price of $232 per token, with a total cost of approximately $1.58 billion. This marks the beginning of the company's execution of its Solana treasury reserve strategy, funded by the recently completed $1.65 billion private placement investment led by Galaxy Digital, Jump Crypto, and Multicoin Capital. The company acquired the tokens through public markets and on-chain transactions and has already staked all SOL holdings.
Add to Favorites
Share to Social Media
