The largest Solana digital asset holder Forward Industries has hired former ParaFi Capital executive Ryan Navi to lead its strategy, after the value of the SOL tokens held by the company shrank by over 40%. The company purchased 6.82 million SOL in September at an average price of $232 per share, and now Solana's price is close to $124, significantly reducing the value of these holdings. Navi will be responsible for managing capital management strategies, including Capital Market opportunities and stake infrastructure, with the goal of increasing the value per SOL share. Forward has also established a cryptocurrency advisory committee consisting of 25 members and has submitted a potential $4 billion equity financing application to raise funds for further SOL purchases.
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Solana's largest treasury hired executives from ParaFi Capital after its Holdings value fell by more than 40%.
The largest Solana digital asset holder Forward Industries has hired former ParaFi Capital executive Ryan Navi to lead its strategy, after the value of the SOL tokens held by the company shrank by over 40%. The company purchased 6.82 million SOL in September at an average price of $232 per share, and now Solana's price is close to $124, significantly reducing the value of these holdings. Navi will be responsible for managing capital management strategies, including Capital Market opportunities and stake infrastructure, with the goal of increasing the value per SOL share. Forward has also established a cryptocurrency advisory committee consisting of 25 members and has submitted a potential $4 billion equity financing application to raise funds for further SOL purchases.