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Forward Industries, known as the largest corporate treasury manager in the Solana ecosystem, is back in the spotlight with a major on-chain transaction.
According to Onchain Lens' monitoring data, the company transferred 1,443,507 $SOL to Coinbase Prime three hours ago. This amount is estimated to be approximately $201.34 million in US dollars. It's unclear whether the transfer was for sale.
Forward Industries (NASDAQ: FWDI, formerly FORD) holds the world's largest $SOL holdings among publicly traded companies. As of its last update on November 15, 2025, the company held approximately 6.91 million $SOL. This amount represents more than 1.25% of Solana's total circulating supply.
This massive treasury size puts Forward Industries far ahead of other Solana-focused public companies. For comparison, Upexi is known to hold around 2 million $SOL, while DeFi Development Corp. holds around 1 million $SOL.
*This is not investment advice.