Forward Industries (FWDI) disclosed holdings of approximately 8.73 million SOL and SOL equivalents as of November 9, representing about 1.5% of Solana's circulating supply. The treasury company added roughly 226,000 tokens quarter-to-date at an average cost of $75 per SOL, including staking rewards. The company secured a $50 million two-year credit facility from a federally chartered national bank, collateralized by its SOL holdings at SOFR plus 150 basis points. Proceeds will fund Forward Industries' SOL++ strategy. Additionally, the firm committed up to $50 million to USHP, a U.S. home-price-linked product, and received a minority equity stake in Index Industries.