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After Forward Industries announced expanding global Solana reserves to 7.55 million SOL, its stock price rose 17%.
BlockBeats news, July 1, according to BIT (bit.com) market data, Forward Industries (FWDI) stock price rose more than 17% on Wednesday, after the company said it purchased over 500k Solana (SOL) during its fiscal third quarter, further expanding its digital asset reserves.
Currently, the company's total Solana holdings have exceeded 7.55 million coins, valued at approximately $576 million. As a Nasdaq-listed company, Forward Industries stated that it completed the aforementioned purchase at an average price of around $79 this quarter, while the annualized growth rate of its "SOL holdings per fully diluted share" reached 36%, significantly improving compared to the previous quarter.