Forward Industries Adds 226K SOL and Secures $50M Credit Line

Forward Industries has expanded its Solana treasury by roughly 226,000 SOL since September ended, combining token purchases with staking rewards. Its total holdings reached about 8.7 million SOL, worth roughly $726.5 million. That balance represents around 1.5% of Solana’s total circulating supply.

The company leads publicly listed companies in Solana treasury holdings, according to Tuesday’s update. DeFi Development Corp. ranks second with just over 2.6 million SOL.

Forward Industries Secures $50M Credit Line

An unnamed U.S. national bank extended a $50 million credit facility to Forward Industries. Terms give the company access to the facility for two years. SOL backing the loan will remain staked, allowing the company to continue earning rewards.

Separately, Forward Industries committed up to $50 million to USHP, a tokenized product that tracks U.S. home price…

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