Crypto

Solana Treasury Forward Industries Uses Loan to Buy Back Shares After 89% Price Dive

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In brief

  • Forward Industries purchased more than 6 million of its shares from an institutional investor for $27.4 million as part of a share buyback.
  • The firm used a $40 million crypto-backed loan from Galaxy Digital to fund the repurchase.
  • Shares in the firm (FWDI) finished the day down 0.7%…

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