Forward Industries recently purchased 6,822,000 SOL at an average price of $232, spending approximately $1.58 billion in total. However, with Solana now trading at $192.22, the company’s position has declined to around $1.34 billion in value. This drop reflects over $245 million in paper losses, raising concerns about short-term volatility and treasury management. Despite the setback, Forward still holds $67 million in unallocated funds from a $1.65 billion PIPE deal.