Forward Industries expands Solana treasury to 8.7 million tokens and secures $50 million credit line
Forward Industries reported that it added roughly 226,000 SOL since early October, bringing its holdings to about 8.73 million SOL, or 1.5% of the token’s circulating supply. The company also obtained a two‑year, $50 million credit facility backed by its SOL, and pledged up to $50 million to a tokenized U.S. home‑price product (USHP). The news came as SOL fell to a three‑month low near $82 and Forward’s share price slipped to around $5.25.
Why it matters
The credit line gives Forward additional liquidity to fund its SOL++ strategy and to purchase more SOL, while the USHP commitment could generate dollar income that may be reinvested in the treasury. Investors should note that the net asset value fell to $600.3 million due to the lower SOL price, reflecting the market impact of the price decline.
Key facts
- 1Forward added roughly 226,000 SOL to its treasury since the end of September, raising total holdings to approximately 8.7 million SOL. theblock.co
- 2The 8.7 million SOL were valued at roughly $726.5 million at the time of the update. theblock.co
- 3Forward secured a two‑year, $50 million credit facility backed by its SOL holdings. theblock.co
- 4The company committed up to $50 million to USHP, a tokenized product tracking U.S. home prices. theblock.co
- 5Forward’s net asset value fell to $600.3 million from $870.4 million, reflecting the lower SOL price. finance.yahoo.com
- 6SOL price dropped to as low as $82, its lowest level in nearly three months, and Forward shares fell to about $5.25. finance.yahoo.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.