Forward Industries plans to raise about $25 million by selling 3.125 million shares at $8 each to fund additional purchases of Solana (SOL) tokens. The company already holds over 7.5 million SOL, valued at $555.3 million as of June 30, 2026. Other public companies like Solana Company, DeFi Development Corp., and Upexi also report significant SOL holdings, exposing them to market volatility tied to SOL price changes. This fundraising move highlights how companies are increasing their SOL exposure through equity offerings, which may amplify financial risks linked to token price fluctuations.
Forward Industries' plan to raise $25 million to expand its Solana treasury comes as context for cryptocurrency market activity on Pluang. For readers following crypto assets, here is Pluang's market snapshot as of Sep 24, 2026 19:22 WIB: of 50 major cryptocurrencies priced on Pluang, 8 rose and 40 fell. Notable movers include UNI (Uniswap) at Rp161.240 with a 1-day change of -7.48% and a typical hold time of 65 days, LTC (Litecoin) at Rp1.180.260 with a 1-day change of +6.99% and a typical hold time of 78 days, and CRV (Curve DAO Token) at Rp5.840 with a 1-day change of -6.93% and a typical hold time of 61 days. Pluang order activity shows strong selling pressure on UNI and LTC, with 90% and 94% sell orders respectively.
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