Forward Industries Expands Solana SOL Holdings to 6,921,342 SOL and Launches fwdSOL Liquidity Staking Token for DeFi Collateral

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COINOTAG News reported on December 3 that Forward Industries, a Solana treasury-listed company, disclosed its latest capital movements. The company executed a substantial purchase of SOL totaling 6,834,505.96 at an average price of $232.08 per token. Including accrued staking rewards, its aggregate SOL balance reached 6,921,342 as of December 1.

Alongside the purchase, Forward Industries introduced a liquidity staking token named fwdSOL. The instrument is designed to optimize the yield on staked SOL and to function as DeFi collateral, potentially expanding liquidity channels for SOL holders.

Investors should note that these actions reflect institutional interest in the Solana ecosystem and DeFi tooling, with risk considerations including price volatility and tokenized liquidity. The disclosed figures provide a transparent view of the company’s SOL exposure and its strategic move toward yield-enhancing instruments.