Solana头部资管企业启动大规模股份回购

Leading Solana asset management firm Forward Industries announced on Thursday a private transaction to repurchase over 6 million shares of FWDI for $27.4 million from an institutional investor. The deal reduces the company's outstanding common shares by 7.4%, with funds sourced from a $40 million crypto-backed loan facilitated through Galaxy Digital. The loan is secured by SOL tokens held in the company’s treasury, reflecting strategic use of digital assets as collateral. The chief investment officer emphasized that the buyback aligns with a previously approved $10 billion share repurchase program authorized by the board in November. He noted ongoing market monitoring to identify optimal risk-adjusted pathways for increasing per-SOL equity value, underscoring a disciplined approach to capital allocation.

数字资产管理策略转向折价回购

Unlike traditional crypto accumulation models, forward-looking digital asset managers now prioritize stock buybacks when market valuations fall below net asset value. For example, Ethereum-focused SharpLink has established a clear threshold: only purchasing ETH when its adjusted net asset multiple exceeds 1. Forward Industries, which holds over 7 million SOL worth approximately $614 million, follows a similar framework. An investment executive explained that the strategy aims to maximize intrinsic value per share through cost-efficient equity acquisition. By buying back shares at a discount relative to underlying asset value, the firm effectively increases its exposure to SOL at a favorable price point—enhancing long-term shareholder returns while managing downside risk. At the same time, the company is implementing operational cost reductions, with expected expenses declining up to 45% in the first quarter.

战略布局与当前财务状况

Headquartered in New York, Forward Industries gained prominence during the autumn of last year after acquiring 6.8 million SOL at an average cost of $232 per token. With current SOL pricing around $88.86, this position reflects a substantial unrealized loss. According to blockchain analytics firm Artemis, Forward ranks sixth among digital asset managers in terms of unaccounted losses, with a reported paper deficit exceeding $1.1 billion. The FWDI stock closed down approximately 0.7% on Thursday, marking a cumulative decline of over 83% in the past six months. The current trading price stands at $4.95, down nearly 89% from its peak of $46 in September of the previous year.