Forward Industries moves $32M in SOL amid $1B paper loss
Forward Industries moved $31.9 million in SOL to Coinbase Prime as its Solana bet sits over 70% underwater, underscoring growing strain on corporate crypto treasuries.
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Read full articleForward Industries moved $31.9 million in SOL to Coinbase Prime as its Solana bet sits over 70% underwater, underscoring growing strain on corporate crypto treasuries.
Forward Industries, the largest corporate holder of SOL, has moved 455,784 SOL worth about $31.87 million to Coinbase Prime, its first major transfer in a month, all while sitting roughly $1.13 billion underwater on the position. A $32 Million Transfer Reignites Sell-off Fears Forward Industries, the Nasdaq-listed firm that built the largest corporate SOL treasury, […]
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Forward Industries has transferred 455,784 SOL worth about $31.87 million to Coinbase Prime, drawing attention to the treasury strategy of the world’s largest corporate holder of Solana. According to blockchain analytics platform Lookonchain, the transfer occurred after roughly one month…
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