Forward Industries Expands Solana Holdings with $19.1M Purchase

BitcoinWorld Forward Industries Expands Solana Holdings with $19.1M Purchase Forward Industries, the largest publicly listed corporate holder of Solana (SOL), has disclosed an additional purchase of 254,325 SOL between July and August 3, according to a company statement.

The acquisitions were made at an average price of approximately $75 per token, totaling $19.07 million. As of August 3, the company’s total holdings stood at 7,807,022 SOL, representing about 1.3% of Solana’s circulating supply.

At the time of reporting, SOL was trading at $76.11, up 0.52% over the past 24 hours, according to CoinMarketCap.

Strategic Accumulation Amid Market Conditions This latest purchase continues Forward Industries’ aggressive accumulation strategy, which has positioned the company as a dominant institutional player in the Solana ecosystem.