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Solana Gets First Billion-Dollar Publicly Traded Treasury as Forward Industries Buys 6.8M SOL

Medical design firm Forward Industries completed its first major Solana acquisition, becoming the largest publicly traded Solana treasury after amassing nearly 1.6billionworthofSOL,itannouncedonMonday. TheNewYorkbasedfirmkickstarteditsSolanatreasurystockpilewith6,822,000SOLatanaveragepriceof1.6 billion worth of SOL, it announced on Monday.  The New York-based firm kick-started its Solana treasury stockpile with 6,822,000 SOL at an average price of 232. The firm used nearly all of the proceeds from the $1.65 billion PIPE—or private investment in public equity—it completed on Friday with financing from Galaxy Digital, Jump Crypto, and M ...