Forward Industries spends $1.58 billion to acquire over 6.82 million SOL
ChainCatcher News, according to market sources, Forward Industries announced the purchase of 6,822,000 Solana (SOL) at an average price of $232 per token, with a total amount of approximately $1.58 billions.
This transaction marks the first deployment of the company's $1.65 billions PIPE financing, which is led by Galaxy Digital, Jump Crypto, and Multicoin Capital. All SOL acquired by Forward Industries have been staked, with part of the transaction completed through the Solana on-chain platform DFlow. The company plans to increase the per-share value of SOL through active management and on-chain operations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Institutions assess Powell's speech: Nothing about "hawkish rate cuts"
The Federal Reserve reminds the market not to take interest rate cuts for granted.
All three major U.S. stock indexes closed higher.
All three major U.S. stock indexes closed higher, with bank stocks performing strongly.
Trending news
MoreCrypto prices
More
