Forward Industries (NASDAQ:FWDI) CIO Ryan Navi declared the company aspires to be the “Berkshire Hathaway of the Solana ecosystem” as the largest institutional Solana (CRYPTO: SOL) holder sits on nearly $1 billion in unrealized losses. The $1 Billion Loss Forward Industries acquired its Solana position at an average price of around $230 per token after raising $1.65 billion through a PIPE backed by Galaxy Digital, Jump Crypto, and Multicoin Capital in September 2025.
Largest SOL Holder Down $1 Billion, But Exec Still Aims To Be The 'Berkshire Hathaway Of Solana'
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Forward Industries (NASDAQ:FWDI) CIO Ryan Navi says the company aspires to be the 'Berkshire Hathaway of the Solana ecosystem'; Forward Industries acquired its Solana position at an average price of about $230 per token after raising $1.65 billion in a PIPE backed by Galaxy Digital, Jump Crypto and Multicoin Capital in September 2025; Forward, the largest institutional Solana holder, sits on nearly $1 billion in unrealized losses.
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