According to CoinMeta, Forward Industries disclosed that as of November 9th, it held approximately 8.73 million coins of SOL and SOL equivalents, which accounts for about 1.5% of the circulating supply of SOL. This quarter, it increased its holdings by about 226,000 coins, with an average cost of $75 per coin. The company has obtained a two-year credit line of $50 million from a federal chartered national bank, using SOL as collateral, at an interest rate of SOFR plus 150 basis points. The funds will be used to advance the SOL ++ strategy. In addition, Forward Industries has committed to investing up to $50 million in USHP and will acquire a minority stake in Index Industries.