SOL accumulator Forward Industries faces $1B unrealized loss

Solana accumulation firm Forward Industries (FWDI) is facing an unrealized loss of approximately $1 billion, BeInCrypto reported. The company holds around 6,915,568 SOL, acquired at an average price of $230, which currently represents a 62% loss. Despite the paper loss, Forward Industries stated that its long-term goal is to become the "Berkshire Hathaway of the Solana ecosystem." The firm added that it is confident Solana is the best-positioned blockchain to lead the future internet market.