Forward Industries expands Solana treasury to 8.7 million SOL, secures $50 million bank credit facility and commits up to $50 million to tokenized housing product

Forward Industries added roughly 226,000 SOL since the end of September, bringing holdings to about 8.7 million SOL, worth around $726.5 million, or 1.5% of Solana's circulating supply. It remains the largest public-company SOL treasury, far ahead of DeFi Development Corp's 2.6 million SOL. The company secured a two-year, $50 million credit facility from an unnamed U.S. national bank, backed by SOL that stays staked and continues earning rewards. It also committed up to $50 million to USHP, a tokenized U.S. home-price product, with income earmarked for further SOL purchases. SOL fell to $82, near a three-month low, and Forward shares dropped to $5.25, down over 28% this year.

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