Forward Industries holds 6.822 million SOL, with a total cost of approximately $1.58 billion.

Jinse Finance reported that Nasdaq-listed company Forward Industries has announced the purchase of 6,822,000 SOL at an average price of $232, with a total cost of approximately $1.58 billions. It is reported that the company acquired SOL through a combination of open market purchases and on-chain transactions. Previously, they stated their goal is to establish an institution-scale fund pool to be deployed in sophisticated ways within the Solana ecosystem, thereby creating differentiated value and increasing the per-share value of SOL at a faster pace than simply holding passively.