Forward Industries Buys $1.58B in Solana as Bitcoin Supply on Solana Tops $1B
- Forward Industries bought 6.8M Solana for 1.58B and holds the largest public treasury of SOL.
- All Solana tokens are staked as Forward aims to grow the biggest Solana treasury in the world.
- Institutional buying in Solana is rising fast, with over $4 billion held by funds and large investors.
Forward Industries (FORD), a Nasdaq-listed firm, has acquired 6.82 million Solana (SOL) tokens. The total purchase is valued at $1.58 billion. The company bought the tokens at an average price of $232 per SOL. This makes Forward the largest publicly listed corporate holder of Solana worldwide.
The acquisition follows a $1.65 billion private investment in public equity (PIPE) deal. Investors in the PIPE round include Galaxy Digital, Multicoin Capital, and Jump Crypto.
Strategic Focus on Solana Treasury Growth
Forward plans to build the largest Solana treasury globally. The company confirmed that all tokens are already staked. The acquisition was executed through a mix of public market purchases and on-chain transactions. Forward’s website shows a clear strategy to deepen its role in the Solana ecosystem. The move reflects a shift in institutional focus, previously centered on Bitcoin, now expanding to other blockchain networks like Solana.
Institutional Activity Signals Market Confidence
Institutional inflows into Solana recently reached $198 million. Of that, $145 million was added in a single day via ETFs, ETPs, and funds. This brings the total institutional assets under management (AUM) for Solana to $4.1 billion. Pantera Capital confirmed Solana as its largest position, worth over $1.1 billion.
Galaxy Digital played a key role in sourcing tokens for Forward. On-chain data shows Galaxy acquired around 6.5 million SOL following the PIPE announcement. Recently, it also acquired over 2.1 million SOL tokens, valued at $486 million, as part of its plan to help Forward Industries.
Market Impact and Solana Price Trends
Forward’s announcement pushed its stock up by over 27%, closing at $36.58. Solana’s price initially fell 3.5% but recovered to end the week 10% higher. The token trades near $234, testing resistance in the $270–$300 range. A breakout could lead to new highs, but rejection may send the price back to $185–$200 support. Analysts note bullish momentum, with RSI in the mid-60s and MACD in positive territory.
Forward holds nearly one-third of Solana’s circulating supply. Its position surpasses other corporate holders like Upexi and DeFi Development Corp. Solana continues to lead in transaction volume and revenue among blockchains. Its future roadmap targets 200ms finality by 2026 and aims for 20ms within five years. The move by Forward reflects growing institutional confidence in Solana’s long-term performance and adoption potential.
Bitcoin on Solana Tops $1B as Tokenized BTC Demand Surges
Bitcoin on Solana supply has officially surpassed an all-time high (ATH) of over $1 billion, and is a milestone success of the ecosystem. Statistics indicate that there are 8,805 BTC tokenized on Solana and worth about $1.02 billion USD.
This is a milestone that indicates that Solana is becoming one of the most popular wrapped Bitcoin centers. Coinbase’s cbBTC accounts for the largest share, followed by BitGo’s wBTC and OKX’s xBTC. The rapid expansion from early 2024 onwards, especially after January, pushed the supply above the $1B threshold.
The case of Solana is an indication of increased confidence in its DeFi system, as additional users are becoming more confident in bridging Bitcoin to lend, trade, and earn income. The milestone also signals Bitcoin’s deepening integration across multi-chain ecosystems, with Solana capturing a sizable portion of tokenized BTC demand.
