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Forward Industries Sends $32M in Solana to Coinbase as Treasury Losses Top $1B

Posted on June 5, 2026
By Cointelegraph
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1 min read

Forward Industries Sends $32M in Solana to Coinbase as Treasury Losses Top $1B

Forward Industries moved $31.9M in SOL to Coinbase Prime as its Solana treasury sits over 70% underwater, highlighting mounting pressure on crypto treasury strategies.