In a context of increased volatility, the crypto market is seeing the emergence of an unexpected strategy that intrigues as much as it divides. We are referring to Forward Industries which has just financed a share buyback using its Solana reserves as guarantee.
In brief
- Forward uses Solana crypto as collateral to fund a massive stock buyback.
- The company is looking to increase its crypto exposure per share despite a pressured market.
A share buyback financed by Solana crypto
Forward Industries launches a repurchase of 6.16 million shares for $27.4 million. The operation is based on a $40 million loan granted by Galaxy.
According to the press release published by Globe Newswire on March 19, This financing relies directly on the crypto Solana (SOL) held by the company. Which allows him to mobilize liquidity without selling your crypto assets. But not only that! Thanks to this structure, Forward also maintains its crypto positions while benefiting from the income linked to staking.
Crypto: the SOL per share ratio becomes strategic
Cryptocurrency experts agree on one point: Forward's objective goes beyond the simple repurchase of shares. Through its approach, the company would also seek to increase its crypto exposure per share.
- Before operation: 0.0624 SOL per share
- After operation: 0.0662 SOL per share
This ratio therefore becomes a key indicator in the crypto universe. It reflects the real value held in digital assets by each stock. For its part, Forward now holds more than 7 million SOL. Enough to strengthen its positioning in the crypto ecosystem.
A crypto strategy under market pressure
Forward stock is down about 25% since the start of the year. At the same time, the price of Solana’s SOL token fell by around 30%. She is in fact increased from 240 $ in September 2025 at almost 89 $.
This decline weakens crypto-based cash flow strategies. That being said, the share buyback acts as a strong signal sent to the market.
Decryption: Forward attempts to restore confidence while capitalizing on its digital assets.
Besides, the company's strategy is not limited to crypto and capital. Forward also plans to reduce its SG&A expenses. They will go from 6.5 million dollars to around 3.6 million. This drop of close to 45% therefore accompanies the shift towards a more efficient model.
In any case, Forward transforms Solana crypto into a real financing tool. This type of strategy could redefine the role of digital assets in listed companies, especially if market pressure persists.
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