Forward Industries (NASDAQ: FORD), focused on building and managing the worlds largest Solana treasury, recently made an initial treasury update announcement and revealed that the company’s total Solana (SOL) holdings have reached 6,871,599.06 SOL (https://ibn.fm/TIgzG).
Since inception, the company has purchased 6,834,505.96 SOL at a total cost of around $1.59 billion, which is a net cost of approximately $232.08 per SOL.
Thus far, the company’s validator infrastructure has managed a 7.01% staking yield, which is above the 6.81% average gross yield that’s been reported by the top 10 validators by stake weight. According to the update, nearly all of the company’s SOL is staked.
When speaking about the announcement, Chairman of the Board of Directors of FORD, Kyle Samani, said that “This update reflects the speed and precision with which we’ve executed our Solana treasury strategy, as well as our commitment to discipline and transparency at every step.”
Samani also added that “In just weeks, we deployed more than $1.5 billion into SOL, established institutional-grade validator infrastructure, and began generating on-chain yield. With more than 6.87 million SOL in our treasury earning an approximately 7.01% staking yield, we are now generating consistent daily revenue of over 1,000 SOL, reinforcing the strength and scalability of our strategy,” and added that “Forward is not only building one of the largest Solana treasuries in the world, but also charting the path for how public companies can integrate on-chain operations across treasury management, governance, and real-world applications.”
FORD remains committed to the company’s SOL treasury strategy and believes that Solana is the only blockchain with the scalability, speed, and architecture to power global financial markets.
About Forward Industries Inc. (NASDAQ: FORD)
Forward Industries is a company that’s building and managing a large Solana treasury and is backed by many influential investors. The company actively participates in the Solana ecosystem and aims to create shareholder value by accumulating SOL and deploying these assets through numerous on-chain opportunities.
For more information, visit the company’s website at www.ForwardIndustries.com.
NOTE TO INVESTORS: The latest news and updates relating to FORD are available in the company’s newsroom at https://ibn.fm/FORD
About BillionDollarClub
BillionDollarClub (“BDC”) is a specialized communications platform with a focus on the biggest and brightest companies covered by IBN. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, BDC is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, BDC brings its clients unparalleled recognition and brand awareness.
BDC is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from BillionDollarClub, text “Billion” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit https://www.BillionDollarClub.com
Please see full terms of use and disclaimers on the BillionDollarClub website applicable to all content provided by BDC, wherever published or re-published: https://www.BillionDollarClub.com/Disclaimer
BillionDollarClub
Los Angeles, CA
www.BillionDollarClub.com
310.299.1717 Office
Editor@BillionDollarClub.com
BillionDollarClub is powered by IBN
Deutsche Bank is preparing to offer a secure and regulated service that will allow large…
LinkedIn has become one of the most popular places for professionals to share ideas, look…
Chicago is preparing to make its commuter rail services cleaner with the introduction of battery-electric…
VERAXA is implementing FDA-aligned New Approach Methodologies (“NAMs”) across its preclinical research programs, aiming to…
France could introduce new tax rules for cryptocurrency owners who plan to move abroad. The…
Gasoline prices in the United States have climbed sharply, and many drivers are looking for…