Summary
- Forward Industries (FORD) said it bought 1,452,392 Solana (SOL) in 12 hours.
- The deal was 326 million dollars in size and was reportedly executed by Galaxy Digital.
- Forward Industries said it completed a private placement of 1.65 billion dollars to buy Solana.
On the 11th (local time), on-chain analytics firm Lookonchain said, "Nasdaq-listed Forward Industries (FORD) bought 1,452,392 Solana (SOL) over 12 hours." The transaction size amounted to about 326 million dollars.
According to Lookonchain, the purchase was executed by Galaxy Digital, and the amount was withdrawn from an exchange.
Earlier, Forward Industries announced that it had completed a private placement of 1.65 billion dollars to buy Solana.
JH Kim
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