949,000 $SOL just went into one company’s treasury.
Forward Industries now holds 8.5 MILLION SOL — roughly 1.4% of Solana’s circulating supply.
And the timing is interesting.
SOL is trading around $122.
That puts $130 only about 6.6% higher.
But here’s what matters more than the target:
Forward added those 948,601 SOL at an average cost of roughly $83.
The company is clearly building a massive Solana treasury — and it just raised another $25M, with proceeds intended partly for more SOL purchases.
So is $130 next?
Nobody knows.
But one thing is clear:
Forward isn’t treating SOL like a short-term trade.
It’s building a balance sheet around it.
$SOL $FWDI
#Solana #Crypto #Markets
Forward Industries now holds 8.5 MILLION SOL — roughly 1.4% of Solana’s circulating supply.
And the timing is interesting.
SOL is trading around $122.
That puts $130 only about 6.6% higher.
But here’s what matters more than the target:
Forward added those 948,601 SOL at an average cost of roughly $83.
The company is clearly building a massive Solana treasury — and it just raised another $25M, with proceeds intended partly for more SOL purchases.
So is $130 next?
Nobody knows.
But one thing is clear:
Forward isn’t treating SOL like a short-term trade.
It’s building a balance sheet around it.
$SOL $FWDI
#Solana #Crypto #Markets