The largest SOL treasury company, Forward Industries, has accumulated a total of 6.822 million SOL at an average price of $232.

BlockBeats News, September 15th, according to official sources, the largest Solana treasury company, Forward Industries, Inc. (Nasdaq: FORD), announced today that it has completed the first batch of SOL liquidity acquisition, purchasing a total of 6,822,000 SOL at an average price of $232, with a total cost of approximately $1.58 billion.

Kyle Samani, Chairman of the Board of the company, stated: "Today's acquisition marks an important milestone for Forward Industries as it begins to execute its differentiated Solana treasury strategy, which aims to benefit from the fastest-growing and most profitable blockchain network. We are building the world's largest Solana treasury company, a strategy that will drive the development of the Solana ecosystem and create long-term value for shareholders. We are pleased to have completed part of the SOL acquisition in an on-chain manner, which will be the beginning of a series of on-chain native activities for the company in the future."

It is reported that the company acquired unlocked SOL through a combination of open market purchases and on-chain transactions, which is the initial fund deployment of its recent $1.65 billion PIPE financing, led by Galaxy Digital (Nasdaq: GLXY), Jump Crypto, and Multicoin Capital.

Notably, Forward Industries initiated a private placement on September 8th and announced the completion of a $1.65 billion cash and stablecoin committed private placement on September 11th, just 4 days ago. According to Arkham data, the company was still receiving USDC and USDT from VC addresses on September 11th, while continuously receiving SOL from CEX exchanges 4 days ago. At the time of writing, SOL is priced at $235.75, a 1.59% decrease, reaching Forward Industries' average holding price level.