Forward Industries holds about 8.73M SOL, 1.5% of circulating supply

Cointime update: Forward Industries (FWDI) disclosed it held about 8.73 million SOL and SOL equivalents as of Nov. 9, roughly 1.5% of Solana’s circulating supply, after adding about 226,000 SOL this quarter at an average cost of $75 including staking rewards. The Solana treasury company also secured a $50 million two-year credit line from a federally chartered national bank, collateralized by SOL at SOFR plus 150 basis points, to fund its SOL++ strategy.