PANews
PANews|Jul 01, 2026 15:55
[Forward Industries Expands Solana Holdings to 7.55 Million Tokens, Stock Price Surges Over 17%] According to The Block, U.S.-listed company Forward Industries (FWDI) purchased over 500,000 SOL during the fiscal quarter ending Tuesday, increasing its Solana holdings to approximately 7.55 million tokens. Valued at around $776 million (approximately $576 million mentioned in the article, subject to market fluctuations), this makes it the largest SOL holder among publicly traded companies, surpassing the combined holdings of the next three listed Solana-holding firms. The company stated that it issued 93,642 shares through an ATM offering this quarter and repurchased shares when the stock price fell below the net asset value per share of SOL, aiming to "maximize SOL per share and enhance long-term shareholder value." As a result, FWDI's stock price surged over 17% intraday, while Solana's price climbed to a one-month high of approximately $77.
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