Forward Industries' SOL Holdings Rise to About 8.73 Million Tokens

November 11 — According to a GlobeNewswire announcement, Solana treasury company Forward Industries (FWDI) disclosed that as of November 9 it holds approximately 8.73 million SOL and SOL equivalents, about 1.5% of SOL's circulating supply; it has added about 226,000 tokens quarter-to-date at an average cost of $75 (including staking rewards). The company also secured a $50 million two-year credit facility from a federally chartered national bank, collateralized by SOL, at SOFR plus 150 basis points, with the proceeds to advance its SOL++ strategy. In addition, Forward Industries committed up to $50 million to USHP, a U.S. home-price-linked product, and received a minority equity stake in Index Industries.