Forward Industries boosts SOL holdings to about 8.7 million

U.S.-listed Forward Industries, the largest corporate holder of Solana, said it has increased its SOL holdings to about 8.7 million, worth roughly $726.5 million and equal to around 1.5% of SOL’s circulating supply. The company said it added about 226,000 SOL since the end of September through purchases and staking rewards. Forward Industries also secured a $50 million, two-year credit line from a major U.S. bank backed by its SOL holdings, and decided to invest up to $50 million in USHP, a tokenized product tracking U.S. home prices. The company plans to use any returns from the USHP investment to buy additional SOL.