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Solana Gets First Billion-Dollar Publicly Traded Treasury as Forward Industries Buys 6.8M SOL
Yahoo Finance· 2025-09-15 22:43
Medical design firm Forward Industries completed its first major Solana acquisition, becoming the largest publicly traded Solana treasury after amassing nearly $1.6 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 ...