Forward Industries spent $1.58 billion to buy more than 6.82 million SOLs
Source: PANews
Time: 2025-09-15 20:09:02
PANews reported on September 15 that according to Business Wire, Forward Industries announced that it would purchase 6,822,000 Solana (SOL) at an average price of US$232 per piece, with a total amount of approximately US$1.58 billion. The deal is the first deployment of the company's $1.65 billion PIPE financing, led by Galaxy Digital, Jump Crypto and Multicoin Capital. All SOLs purchased by Forward Industries have been pledged, and some transactions have been completed through Solana's on-chain platform DFlow. The company plans to increase the value of SOL per share through proactive management and on-chain operations.