Forward Industries Leverages Crypto Treasury for Share Buyback Program

Forward Industries has recently launched a share repurchase program, utilizing its crypto treasury to fund the purchase of 6.16 million shares from an institutional investor for approximately $27.4 million.

The company secured a $40 million loan from Galaxy Digital LLC at an interest rate of 3.4%, which is collateralized by its Solana holdings valued at around $613 million.

This move reflects a broader trend of companies using digital asset treasuries to optimize capital structure and potentially enhance shareholder returns.