Solana treasury Forward Industries authorizes $1B share repurchase
Cointelegraph
Forward Industries authorized a $1 billion share repurchase program amid its transition to a digital asset treasury model.Summary
Forward Industries, which holds over $1 billion in Solana (SOL), has authorized a $1 billion share repurchase program to return value to shareholders as it advances its transition into a digital asset treasury model. The authorization allows the company to buy back stock through various methods, providing flexibility during market volatility while continuing its Solana treasury initiatives. Forward Industries is the largest corporate holder of Solana, with over 6.8 million SOL valued around $1.1 billion. This move comes as crypto treasury companies face mounting valuation pressure due to falling enterprise values relative to their crypto holdings.
(Source：Cointelegraph)