Forward Industries Faces Significant Losses in SOL Holdings

On June 5, Forward Industries, a company managing SOL treasury, reported substantial losses in its SOL holdings. According to BlockBeats On-chain Detection, the company has experienced a floating loss of nearly $1.13 billion. After a month of inactivity, Forward Industries deposited 455,784 SOL into a centralized exchange, valued at approximately $31.87 million. Since initiating its Solana treasury strategy in September 2025, Forward Industries has invested around $1.59 billion to acquire 6.83 million SOL, with an average purchase price of $232.08 per SOL. Currently, the value of its 6.83 million SOL holdings is approximately $458.6 million.