Solana treasury company Forward Industries repurchased over 6 million shares from institutional investors for $27.4 million, representing approximately 7.4% of circulating shares, with funding from a $40 million crypto-backed loan provided by Galaxy Digital (secured by staked SOL); the company stated it will prioritize share buybacks when stock price is significantly below net asset value to enhance SOL per share benefit, rather than directly increasing spot holdings. Currently it holds approximately 7 million SOL, with approximately $1.1 billion in unrealized losses. (Decrypt)

SOL-1,55%
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