Forward Industries запускает $4 млрд акционерную программу для увеличения резервов Solana Translation: Forward Industries Launches $4 Billion Equity Program to Boost Solana Reserves

The company Forward Industries, which is listed on Nasdaq, has submitted a prospectus to the SEC indicating its intention to sell up to $4 billion in stock. A portion of the proceeds will be used to replenish its Solana reserves.

According to the announcement, this flexible securities offering mechanism will enable the company to sell shares gradually through Cantor Fitzgerald without a commitment to a set volume. In addition to purchasing SOL, Forward Industries plans to utilize the funds for working capital and investments in income-generating assets.

The company holds 6.8 million SOL valued at $1.6 billion, which it obtained through a private placement led by Galaxy Digital, Jump Crypto, and Multicoin Capital in early September.

Forward Industries is the largest corporate holder of Solana among treasury firms, surpassing the 1 million SOL threshold under management.

The leaderboard also includes DeFi Development Corp. and Upexi, each holding 2 million coins.

Previously, analysts from Lookonchain noted another company acquiring Solana. In just one day, FalconX withdrew 413,075 SOL worth $98.4 million from exchanges including Binance, OKX, Coinbase, and Bybit.

At the time of writing, the cryptocurrency is trading at $235, having increased by over 7% in the past week.

It is worth mentioning that Galaxy Digital’s CEO Mike Novogratz announced the commencement of «Solana Season» against the backdrop of rising activity among institutional investors.