Tesla shares surged 20% following CEO Elon Musk’s $1 billion stock purchase, his first open-market buy since 2020. The rally comes as EV buyers race to secure $7,500 tax credits before they expire September 30. However, underlying sales challenges and competitive pressures raise questions about the sustainability of this momentum.
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Forward Industries Files for $4B Offering to Boost Solana Treasury
Forward Industries, the largest publicly traded Solana treasury company, has filed to raise $4 billion through an at-the-market equity offering. The company’s stock fell 8.2% following the announcement, reflecting market concerns about dilution. The proceeds could more than double the $3.1 billion currently held in Solana treasuries across public companies, signaling a significant institutional commitment to the cryptocurrency.
read moreFord Cuts 1,000 Jobs in Germany Amid EV Sales Slump
Ford Motor Co. is cutting 1,000 jobs in Germany as part of a broader 2,900-worker layoff, marking a strategic retreat from its electric vehicle ambitions amid disappointing sales. The move comes as the automaker projects a staggering $5 billion loss in its EV division this year, forcing a painful pivot while rivals like Volkswagen and BMW double down on electrification investments.
read moreMetaplanet, Forward Expand Bitcoin & Solana Treasury Holdings
Corporate treasuries are deepening their crypto exposure as Metaplanet and Forward Industries announce new Bitcoin and Solana acquisition strategies. Metaplanet is launching a U.S. subsidiary to expand its Bitcoin-focused income generation business, reflecting growing institutional confidence in cryptocurrency as a treasury asset class beyond simple acquisition to sophisticated revenue operations.
read moreForward Industries Files $4B ATM Offering for Solana Expansion
Forward Industries Inc. (NASDAQ:FORD) has taken a bold step into the cryptocurrency arena by filing an automatic shelf registration with the U.S. Securities and Exchange Commission for a $4 billion at-the-market equity program. This strategic move will enable the company to issue common shares opportunistically while directing proceeds toward working capital, asset acquisitions, and significantly expanding its Solana (SOL) token strategy, signaling a major commitment to digital asset integration.
read moreGalaxy Digital’s $306M Solana Purchase Sparks Treasury Strategy Speculation
Galaxy Digital has acquired $306 million worth of Solana in a single day, accelerating speculation about institutional treasury strategies focused on digital assets. The purchase is part of a broader $1.55 billion accumulation of SOL by the firm. This move coincides with Forward Industries’ pivot to a $1.58 billion Solana treasury, sparking a 620% stock surge year-to-date despite underlying financial struggles.
read moreTesla Stock Rebounds Despite Weak Sales, AI Hopes
Tesla shares have surged 22% in the past three months, nearly erasing their year-to-date losses. However, the electric vehicle maker continues to face significant challenges with declining sales and market share across its key markets. The stock’s resilience appears tied to conflicting narratives about Tesla’s future as either a traditional automaker or an AI-driven technology company.
read moreForward Industries Buys $1.58B in Solana Tokens
Forward Industries (FORD) has positioned itself as the dominant corporate player in the Solana ecosystem with a landmark $1.58 billion acquisition of 6.8 million SOL tokens. This strategic move, backed by major crypto investment firms and funded through a recent $1.65 billion PIPE financing round, represents one of the largest corporate treasury allocations to cryptocurrency despite the company’s stock price showing initial hesitation. The acquisition establishes FORD as the largest known corporate holder of Solana, surpassing the combined holdings of its closest competitors and signaling a long-term commitment to capturing value from what the company views as one of blockchain’s fastest-growing networks.
read moreForward Industries Buys $1.58B in SOL, Largest Public Treasury
Forward Industries has executed a landmark $1.58 billion acquisition of Solana tokens, establishing itself as the largest publicly traded holder of SOL and signaling a strategic pivot toward blockchain treasury management. The medical design firm’s massive purchase, funded through a private investment round with crypto heavyweights Galaxy Digital, Jump Crypto, and Multicoin Capital, has already boosted its stock price, with FORD shares rising over 28% in the past week as investors cheer the bold crypto bet.
read moreSolana Hits $241 on $1.65B Institutional Deal & Bullish Bets
Solana’s price surged 5.5% to $241, marking its highest level since late January, driven by significant institutional activity. Forward Industries secured a $1.65 billion PIPE deal led by Galaxy Digital, Jump Crypto, and Multicoin Capital, boosting SOL’s momentum. Concurrently, BIT Mining added 17,221 SOL to its treasury, and prediction market traders on Myriad grew increasingly confident, with 89% now betting SOL will hit $250 before falling to $130. Despite still being 18% below its all-time high of $293, the combination of major investment inflows and bullish sentiment signals strong institutional faith in Solana’s near-term prospects.
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