SOL Treasury Company Forward Industries Adds Over 500,000 SOL in Quarterly Holdings

Odaily reported that Nasdaq-listed Forward Industries announced an increase of over 500,000 SOL in its treasury during its third fiscal quarter. Its total SOL holdings now stand at 7.55 million, valued at approximately $576 million. The company purchased these tokens at an average price of about $79 per coin during this period.

Data shows that Forward Industries' SOL holdings have surpassed the combined holdings of the three other largest publicly listed Solana treasury companies (Solana Company, DeFi Development Corp., and Upexi). Following this news, Forward Industries' stock price rose over 17% today, and the price of Solana also recovered to above $77. (The Block)