Forward Industries, a SOL treasury company, increased its holdings by over 500,000 SOL quarterly

Odaily Planet Daily News Nasdaq-listed company Forward Industries announced it increased its holdings of SOL by over 500,000 tokens in its third fiscal quarter. Its total SOL holdings have now reached 7.55 million tokens, valued at approximately $576 million. The company purchased these tokens at an average price of around $79 each 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 by over 17% today, and the price of Solana also recovered to above $77. (The Block)