Solana Treasury Firm Forward Industries Deposits $32 Million of SOL to Coinbase
Forward Industries deposited 455,784 Solana (SOL) price $31.87 million into Coinbase Prime, breaking a month of treasury inactivity and reviving hypothesis that the most important company SOL holder could lastly trim a place deep within the purple.
The switch landed whereas Solana costs left Forward roughly $1.13 billion beneath its buy price. Exchange deposits typically precede gross sales, although the corporate has not confirmed any intent to promote.
A $1.59 Billion Solana Bet Underwater
Forward launched its Solana treasury strategy in September 2025. Since then, it has spent roughly $1.59 billion shopping for 6.83 million SOL at a mean entry close to $232.08.
Solana now trades far below that level. BeInCrypto Markets data showed that the cryptocurrency has fallen almost 19% over the previous week, buying and selling at $66.
The holdings at the moment are price about $451 million, a drop of greater than $1.1 billion from the unique outlay.
Follow us on X to get the newest information because it occurs
The paper harm has already hit the reported results. Forward posted a $283.1 million web loss for the quarter ended March 31, 2026, pushed by truthful worth declines on its SOL stack. The firm confused the loss “doesn’t symbolize an outflow of money or impression Forward’s liquidity.”
Treasury Firms Head for the Exits
Since the October market crash, many company holders have trimmed or dumped their digital asset holdings. In November 2025, Sequans Communications sold 970 Bitcoin worth roughly $100 million.
Bitcoin miners additionally participated within the retreat. Public miners sold about 32,000 BTC within the first quarter, greater than in all of 2025.
Even MicroStrategy broke ranks. The largest corporate holder of Bitcoin (BTC) has offered 32 BTC since 2022.
Forward’s Coinbase deposit could replicate routine staking or custody strikes. Yet with the place up to now within the purple, the approaching days will present whether or not the most important Solana treasury joins the wave of sellers.
Subscribe to our YouTube channel to watch leaders and journalists present skilled insights
The publish Solana Treasury Firm Forward Industries Deposits $32 Million of SOL to Coinbase appeared first on BeInCrypto.
