Forward Industries holds nearly 6.98 million Solana (SOL) tokens bought at an average of $232 each, but with SOL trading near $91, the position's market value dropped to about $637 million, causing an unrealized loss of roughly $983 million. This loss has impacted Forward's Q1 2026 financial results through digital asset impairment charges, contributing to a $585.6 million quarterly loss. The company continues to stake its SOL holdings, generating some yield, but the staking income is small compared to the loss from the price decline. Other public firms with Solana treasury strategies face similar losses, highlighting the risks of volatile crypto assets on corporate balance sheets. Forward's future financial health depends heavily on Solana's price recovery.
SpaceX signed a $920 million monthly compute-leasing agreement with Google, granting access to about 110,000 Nvidia GPUs through mid-2029. This deal, revealed just days before SpaceX's IPO, includes an exit clause for Google if SpaceX fails to delive...
Strategy CEO Phong Le highlighted a shift in the US government's stance on Bitcoin, describing it as now supportive with crypto-friendly leaders in key agencies. The company, which holds significant Bitcoin assets, is confident enough to consider rai...
AVAX fell 14% in 24 hours despite increased whale activity, breaking key support at $8.05. Over 70% of traders hold short positions, signaling bearish sentiment and expectations of further decline. Total Open Interest has dropped, indicating reduced ...
After weeks of continuous outflows, US spot Bitcoin and Ethereum ETFs recorded net inflows on June 4-5, ending long streaks of redemptions. Bitcoin ETFs gained about $3.05 million after 13 days of outflows totaling $4.4 billion, while Ethereum ETFs a...
Investors withdrew $4.7 billion from US spot Bitcoin ETFs since mid-May, driven by a falling Bitcoin price and concerns over Federal Reserve rate hikes. Bitcoin dropped from above $79,000 to below $60,000, with $1.7 billion in ETF outflows in the pas...
