Forward Industries completed a $25 million registered direct offering by selling 3.125 million shares at $8 each to an institutional investor. The proceeds will primarily fund additional purchases of Solana (SOL) tokens, expanding the company's SOL treasury, which already holds about 8.16 million SOL and equivalents, representing 1.39% of Solana's circulating supply. This move aims to increase SOL per share, benefiting shareholders. Forward Industries focuses on investing in Solana-related assets and had $120 million in loans secured by SOL as of August.
Solana's market cap stands at Rp1.278,43 trillion as of Sep 26, 2026, 01:02 WIB, with a 24-hour trading volume of Rp104,28 trillion on Pluang. The token price is Rp2.171.147, up 4.08% in the last day, while Pluang users show a 60% buy activity and hold their positions typically for 70 days. This strong trading interest complements Forward Industries' strategy to increase its Solana treasury, which currently represents 1.39% of Solana's circulating supply.
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