Forward Industries spends $1.58 billion to purchase more than 6.82 million SOL

According to Odaily Planet Daily, Forward Industries announced that it has purchased 6,822,000 Solana (SOL) tokens at an average price of $232 per token, for a total of approximately $1.58 billion. This transaction represents the first deployment of the company's $1.65 billion PIPE financing, led by Galaxy Digital, Jump Crypto, and Multicoin Capital. All SOL tokens purchased by Forward Industries have been staked, with some transactions completed through DFlow, the Solana on-chain platform. The company plans to increase the value of SOL per share through active management and on-chain operations. (Business Wire)