2 hours ago
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Key Takeaways
- Forward Industries deposited 455,784 SOL worth $29.2M to a centralized exchange after a month of on-chain inactivity.
- Solana spot ETFs recorded -$12.74M on June 3 and -$278.50K on June 4, extending the institutional exit trend.
- Staking yield of approximately 6% to 6.7% APY generated roughly $17.4M in Q4 2025, covering less than 2% of the current unrealized loss.
Forward Industries launched its Solana treasury strategy in September 2025, raising $1.65 billion through a private placement backed by Galaxy Digital, Jump Crypto, and Multicoin Capital. Across its accumulation phase the company built a position of 6.83 million SOL at an average cost of $232.08 per coin.
At $64.09 at time of writing, the position is worth approximately $437.7 million against a $1.59 billion cost basis, producing an unrealized loss of approximately $1.15 billion. Every coin in the treasury is $167.99 underwater, a 72.4% loss from average...
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