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Forward Industries Expands Solana Treasury to $8.7 Million During Price Decline
(3 hours ago) · 1 source · Summarized by CryptoBipto
Forward Industries has increased its Solana treasury holdings to $8.7 million as the SOL token reached a nearly three-month low. The company has been accumulating SOL as part of a corporate treasury strategy that mirrors similar approaches taken by other public companies with cryptocurrency holdings.
WHY IT MATTERS
A corporate treasury is essentially the pool of money a company keeps on hand to fund operations and manage risk — think of it like a company's savings account.
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SOURCES
- theblock.co
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