Forward Industries just widened its Solana lead
@FWDind's shares jumped more than 17% Wednesday after the Nasdaq company said it bought over 500,000 SOL during its fiscal third quarter, which ended June 30.
Total holdings now sit at 7.55 million $SOL, worth about $576 million. Acquired at an average price near $79 per token.
That's more SOL than the next three largest publicly traded Solana treasury firms combined, per The Block's data.
Forward's CIO put it simply: maximize SOL per share, build long-term value. The company is also leaning on its new Russell 2000 and 3000 inclusion to raise fresh capital.
$FWDI trading near $4.93. SOL touched a one-month high above $77, well off its June low near $60.