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Forward Industries boosts Solana holdings but sees net asset value drop amid rising debt.

Protocol Fundamentals
11 Nov 2026, 10:02 WIB
Altcoin Buzz
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Neutral
Forward Industries boosts Solana holdings but sees net asset value drop amid rising debt.

Forward Industries increased its Solana (SOL) holdings by 2.7% to 8.7 million tokens, spending $75 each on new purchases between October and November 2026. Despite owning more SOL, its net asset value fell from $870 million to $600 million due to a rise in institutional debt to $187.5 million. The company secured a $50 million loan backed by staked SOL, which continues to earn staking rewards, to fund its SOL++ strategy and plans expansion with USHP in 2027. Forward's shares trade slightly below net asset value, indicating market skepticism, with the next key update expected in the audited quarterly report.

Forward Industries' Solana treasury expansion provides context for cryptocurrency market activity on Pluang. For readers following crypto assets, here is Pluang's market snapshot as of Nov 11, 2026 15:01 WIB: out of 50 major cryptocurrencies priced on Pluang, 8 rose and 41 fell today. Notable movers include SXP (Solar) down 46.27% at Rp37 with a typical hold time of 94 days, BAL (Balancer) up 11.14% at Rp16.297 with a typical hold time of 85 days, and UNI (Uniswap) down 8.94% at Rp116.388 with Pluang order activity showing 14% sell and 86% buy, and a typical hold time of 66 days.

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