Forward Industries holds about 8.73 million Solana (SOL) tokens, representing 1.5% of SOL's circulating supply, and increased its holdings by 226,000 SOL this quarter at an average cost of $75 per token. The company secured a $50 million, two-year credit facility backed by SOL with interest at SOFR plus 150 basis points, aiming to use the funds to advance its SOL++ strategy. Additionally, Forward committed up to $50 million to a U.S. home price-linked product and acquired a minority stake in Index Industries. In September, it raised $25 million through a direct offering, mainly to buy more SOL tokens.
Forward Industries' Solana holdings and credit line provide context for readers following cryptocurrency markets. As of Nov 12, 2026 03:21 WIB, 32 of 50 major cryptocurrencies on Pluang rose while 17 fell. Notable movers include BAL at Rp16.297 with an 11.14% increase and EOS at Rp12.649 with an 8.13% gain.
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