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Crypto: Forward Uses Its SOL Reserves As Collateral To Finance Its Buyback

Crypto: Forward Uses Its SOL Reserves As Collateral To Finance Its Buyback


9h05 ▪
3
min read ▪ by
Ariela R.

Summarize this article with:

In a context of increased volatility, the crypto market sees the emergence of an unexpected strategy that intrigues as much as it divides. This refers to Forward Industries which has just financed a share buyback using its Solana reserves as collateral.

A machine transforms Solana crypto into cash under extreme industrial pressureA machine transforms Solana crypto into cash under extreme industrial pressure

In brief

  • Forward uses the Solana crypto as collateral to finance a massive share buyback.
  • The company aims to increase its crypto exposure per share despite a pressured market.

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