Forward Industries Commits $4 Billion to Solana, Stock Drops 7%

Forward Industries has announced a $4 billion equity offering to expand its investment in Solana, increasing its holdings significantly. However, this bold move has led to a 7% drop in the company's stock, raising concerns about financial stability among investors. While the investment aims to enhance the Solana treasury and signal confidence in cryptocurrency, the immediate market reaction reflects apprehension regarding such large-scale commitments.