Forward Industries Faces Significant Stock Decline Amid Solana Investments

According to BlockBeats, Forward Industries, the largest Solana treasury company in the U.S. stock market, experienced a significant drop in its stock price, falling over 10% and reducing its market value to $2.236 billion. The company has accumulated 6.822 million SOL tokens at an average price of $232, with a total investment cost of approximately $1.58 billion. Since reaching a peak on September 12, Forward Industries' stock has declined by 44%. Previously, BlockBeats reported that on September 17, Forward Industries announced the submission of a $4 billion ATM plan to the U.S. Securities and Exchange Commission (SEC). This plan aims to support its Solana financial strategy and will be used for general corporate purposes, including the continuation of its Solana strategy, acquisition of revenue-generating assets, and other capital expenditures.