Update
Forward Industries Expands Solana Treasury and Secures Credit Line
Forward Industries has increased its Solana treasury by approximately 226,000 SOL since the end of September, bringing its total holdings to about 8.7 million SOL, worth approximately $726.5 million. The company now leads publicly listed companies in Solana treasury holdings. An unnamed U.S. national bank has extended a $50 million credit facility to Forward Industries, allowing the company to continue earning staking rewards with the backing of the loan. Forward Industries also committed up to $50 million to USHP, a tokenized product that tracks U.S. home prices, with Galaxy-Sharplink Onchain Yield Fund anchoring the product's launch. The Solana price fell around $81 during Tuesday's trading, hitting its weakest level in almost three months, before recovering to trade at around $83.40. Forward Industries' stock fell to $5.25, close to a three-month low, with losses since the start of the year exceeding 28%.