Forward Industries Grows SOL Treasury to 8.7 Million
Forward Industries increased its SOL holdings to 8.7 million tokens as Solana's price hit a near three-month low, backed by a new $50 million (USD) credit line and a housing-linked investment, per The Block.
Does buying more of a falling asset using borrowed money show strong conviction, or does it add risk that could outweigh the benefit if the price keeps dropping? Forward Industries' decision to expand its SOL treasury with a credit line, right as the token hit a multi-month low, raises this question for any company or individual holding digital assets as a long-term bet. The answer may depend on how long investors are willing to wait for prices to recover, and how much leverage they can safely carry.
https://www.bonuz.xyz/en/blog/forward-industries-sol-treasury-8-7-million
Forward Industries increased its SOL holdings to 8.7 million tokens as Solana's price hit a near three-month low, backed by a new $50 million (USD) credit line and a housing-linked investment, per The Block.
Does buying more of a falling asset using borrowed money show strong conviction, or does it add risk that could outweigh the benefit if the price keeps dropping? Forward Industries' decision to expand its SOL treasury with a credit line, right as the token hit a multi-month low, raises this question for any company or individual holding digital assets as a long-term bet. The answer may depend on how long investors are willing to wait for prices to recover, and how much leverage they can safely carry.
https://www.bonuz.xyz/en/blog/forward-industries-sol-treasury-8-7-million
