Forward Industries (Ford) announced On September 15, it took over and used more than 6.8 million Sol tokens for its Solana Treasury strategy.
Despite the scale of the acquisition, the impact must still appear in the Ford stock price. According to Google Finance factsThe share has fallen by more than 2% to $ 33.51 from the moment of press.
Still, facts From Coingecko it shows that the relocation has raised Ford above all other business treasury with Solana.
The 6.8 million SOL pile stack exceeds the combined interests of Defi Development Corp., Upexi and Sharp Technology, each of which controls approximately 2 million SOL.
Ford Solana -purchases
According to the announcementThe SOL -Tokens were taken over at an average purchase price of $ 232 per token, which brought the total investment to around $ 1.58 billion.
Supported by Galaxy Digital, Jump Crypto and Multicoin Capital, Ford emphasized that this movement indicates the start of a long-term plan to record the value of what it regards as one of the fastest growing blockchain ecosystems.
Kyle Samani, chairman of the Ford board, explained that the purchase was not only a balance expansion, but also a deliberate strategy to “promote the Solana ecosystem and to deliver long-term value for our shareholders.”
He added:
“Today’s purchase marks an important milestone while Forward Industries starts performing its differentiated Solana Treasury strategy, built to take advantage of one of the fastest growing and most profitable blockchain networks.”
In the meantime, the company emphasized that his sol purchases were ‘non-locked sol [that were acquired] Through a combination of open market purchases and transactions on chains. “This marks the first use of revenues from the recently concluded $ 1.65 billion private investments in the financing round of the public shares (Pipe).
In particular, various on-chain analysis platforms, including Lookonchain, had reported that the assets of asset management Galaxy Digital had gone a five-day purchase spree of 6.5 million Sol tokens for $ 1.5 billion.
The company also emphasized a certain transaction: a trade of $ 1 million carried out through DFOW, a decentralized exchange aggregator -based exchange.
That deal, said it, represents the first of many expected implementations in the chain, which demonstrates flexibility to operate at several locations instead of exclusively trusting traditional markets.
