Forward Industries Began an Aggressive Share Buyback Amid Losses in Solana
Forward Industries has initiated an aggressive share buyback, repurchasing over $27 million worth of shares, financed by a $40 million loan from Galaxy Digital. This move comes as the company faces significant unrealized losses from its substantial Solana holdings, aiming to increase the value of assets on a per-share basis. Despite the losses and an 89% drop in stock price, Forward Industries continues to develop its crypto strategy, including tokenizing shares on the Solana blockchain and exploring using them as DeFi collateral.
https://incrypted.com/en/forward-industries-began-an-aggressive-share-buyback-amid-losses-in-solana/