📉 FWDI holds a floating loss of 1 billion USD in Solana, but is this just the beginning of the counterattack?🚀
While the market is still discussing volatility, Forward Industries (FWDI) is becoming the focus due to its extreme "diamond hands" strategy. Despite holding nearly 7 million SOL and a floating loss of up to 1 billion USD, the company not only refuses to sell but has also initiated an aggressive expansion mode.
What happened?
Entry cost: FWDI's average purchase price for SOL is 232 USD. At current prices, its holdings have shrunk to about 600 million USD. Stock performance: The company's stock price has plunged from last year's peak of 45 USD to 5.20 USD. Sounds like a disaster? But management does not think so.
Why are they not selling?🛡️
FWDI's core advantage is its zero-debt operation. While other peers are forced to cut losses and repay loans, FWDI has a unique edge:
Staking income: The company generates an annual return of 6-7% through SOL staking. Liquidity management: In collaboration with Sanctum, they launched fwdSOL (liquidity staking token), enabling them to participate in DeFi without selling assets, improving capital efficiency. Cash reserves: With support from Galaxy Digital, Jump Crypto, and Multicoin Capital, FWDI previously completed a private financing of 1.65 billion USD, holding ample cash for "bottom fishing."
"Predator" strategy 🦈
Chief Investment Officer Ryan Nahas stated: "While others defend, we attack." FWDI plans to leverage the flexibility of its balance sheet to acquire and integrate struggling competitors.
Notably, Multicoin Capital co-founder Kyle Samani, although he resigned from the executive director position, chose to receive compensation in the form of FWDI stock and warrants. This sends a strong signal: the core team is confident in the company's long-term recovery.
Viewpoint: FWDI is becoming the "MicroStrategy of Solana." If SOL returns to historical highs, FWDI will become one of the most profitable companies in the crypto space. But the question is, how long can investors' patience last?
What do you think? Is it a textbook long-term layout, or a fatal gamble? Feel free to discuss in the comments!👇
#Solana #SOL #FWDI #加密新闻 #DeFi