According to Odaily Planet Daily, analyst Emmett Gallic reports that of the $1.6 billion in funds currently held by Forward Industries, the SOL treasury, $1.5 billion has already been used to purchase SOL. Previous data also shows that Galaxy Digital increased its holdings of SOL in Forward Industries by $400 million yesterday, bringing the company's total SOL holdings in its Coinbase Prime Custody account to approximately $1.1 billion.