Forward Industries moves 455,784 SOL to Coinbase Prime as Solana bet shows $1.13B paper loss

Forward Industries transferred 4.55784 million SOL to Coinbase Prime after a one-month hiatus, according to Lookonchain tracking cited by Odaily Planet Daily. The deposit was valued at about $31.87 million. The company began building a Solana reserve in September 2025 and has since bought roughly $1.59 billion worth of SOL. It has accumulated 6.83 million SOL at an average entry price of $232.08. Those holdings are now valued at about $458.6 million, implying an unrealized loss of approximately $1.13 billion.