- Forward Industries acquired 6.82M SOL for $1.58B after raising $1.65B in a private placement.
- Helius Medical Technologies raised $500M to build and scale a long-term Solana treasury.
- Both companies aim to engage with staking and lending within the Solana ecosystem.
Forward Industries has purchased 6.82 million Solana (SOL) tokens, positioning itself as the largest corporate holder of SOL to date. The company confirmed the acquisition was completed at an average price of $232 per token, with the total cost nearing $1.58 billion.
The purchase follows a successful private placement in which Forward Industries raised $1.65 billion. The financing round was backed by key crypto-native investors, including Galaxy Digital, Jump Crypto, and Multicoin Capital. The company has started deploying the capital into its newly launched Solana treasury strategy.
Purchase Executed via On-Chain and Market Channels
Forward Industries conducted its SOL acquisition using a mix of open market purchases and blockchain transactions. Among the transactions was a $1 million trade executed through DFlow1, a decentralized exchange aggregator, which routed the order via integrated provider SolFi.
Kyle Samani, Chairman of the Board, stated that this initial purchase marks a significant advancement in their Solana treasury initiative. He emphasized that the strategy aims to support the Solana ecosystem while enhancing long-term shareholder value.
Impact on SOL Market Performance
Since the capital raise announcement, Solana’s price has shown a notable upward trend. Market data from TradingView indicates a 13% rise in SOL value over the past week, reflecting increased investor interest and confidence following the company’s strategic move.
Meanwhile, Helius Medical Technologies has secured over $500 million in funding to launch its own Solana treasury strategy. The public equity offering includes common stock sales at $6.881 each and stapled warrants priced at $10.134. Investors such as Pantera Capital and Summer Capital are leading the funding round.
Helius Treasury Strategy Details
Helius announced plans to build an initial SOL position and gradually increase holdings over the next 12 to 24 months. The strategy includes using capital market mechanisms such as at-the-market (ATM) sales. Additionally, the company will explore staking, lending, and revenue-generating opportunities within the Solana network, all while maintaining a conservative risk approach.
