Risk-off sentiment hit both equities and crypto assets. On Nov. 4, shares of the Solana treasury firm Forward Industries dropped 25%; Solana was down 7.5%.Risk-off sentiment hit both equities and crypto assets. On Nov. 4, shares of the Solana treasury firm Forward Industries dropped 25%; Solana was down 7.5%.

Forward Industries shares down 25% after unlocking PIPE shares

2025/11/05 05:14

Shares of the Solana treasury firm Forward Industries have declined 25% today amid a flight from risky assets.

Summary
  • Solana treasury firm Forward Industries authorizes $1B stock repurchase
  • The company’s stock fell 20% on broader risk-off sentiment in the markets
  • Solana fell 7.5% to $154 amid a crypto market sell-off

Risk-off sentiment hit both the equity and crypto assets, with valuations getting crushed. On Tuesday, Nov. 4, shares of the Solana treasury firm Forward Industries dropped 25%, while Solana was down 7.5%.

The steep decline followed the company’s announcement that it had registered the shares sold in its September 2025 private placement. This means that investors who bought shares in the PIPE deal can immediately resell them on the open market.

The September deal raised $1.58 billion from private investors. It also enabled the firm to buy 6.822 million Solana (SOL) at an average price of $232 per token. Galaxy Digital, Jump Crypto, and Multicoin Capital, were among the firms that invested.

Forward Industries authorizes $1b share buyback

To boost its declining share price, Forward Industries announced that its board approved a share repurchase program worth up to $1 billion. The authorization, signed on November 3, will expire on Sept. 30, 2027. The program means that the company is allowed to, but doesn’t have to, buy back up to $1 billion worth of its own shares.

Crypto treasury firms use a combination of debt, staking, and yield strategies to outperform the underlying asset. However, these strategies often turn them into a leveraged bet, making them more volatile than the crypto assets they invest in.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Cleaning Up Crypto ATMs Isn’t Anti-Crypto

Cleaning Up Crypto ATMs Isn’t Anti-Crypto

The post Cleaning Up Crypto ATMs Isn’t Anti-Crypto appeared on BitcoinEthereumNews.com. When Iowa Attorney General Brenna Bird filed lawsuits against CoinFlip and Bitcoin Depot earlier this year, a few astroturfed voices cried that this consumer protection push was “anti-crypto.” They’re wrong. Crypto ATMs – physical kiosks that let users buy crypto – have become a vehicle for fraud, and they need reform. Law enforcement, regulators, and consumer advocates have all raised concerns about these machines for years. DC AG Brian Schwalb sued Athena Bitcoin in September. Pennsylvania AG Dave Sunday has warned that BATMs are a “magnet for scammers.” Arizona AG Kris Mayes even posted “STOP” signs at some crypto ATM locations.  Congressional scrutiny is also increasing. Senator Cynthia Lummis (R-WY), a longtime Bitcoin advocate, has called for stronger safeguards. Earlier this year, Senate Judiciary Ranking Member Dick Durbin highlighted abuses, and a few weeks ago, Senator Elizabeth Warren called out crypto ATM operators, signaling that regulatory pressure will only intensify. The Evidence Nationwide, the FBI estimates that in the first half of 2025 , Americans lost $240 million to crypto ATM fraud. The Iowa AG’s office contacted the top 50 Bitcoin Depot users in Iowa between 2021 and 2024, representing more than $2.4 million in transactions. Of the 34 who responded, every single one confirmed they had been scammed. Likewise, an investigation by the DC Attorney General uncovered that 93% (!) of Athena ATM deposits in the District of Columbia during a five-month period were scam transactions.  The stories follow a predictable pattern: romance scams, bogus police calls, phony tech support. Scammers play on panic, steering victims to crypto ATMs where they’re told to pour in cash and send crypto to wallets run by criminals. Store clerks at the convenience stores and smoke shops where the kiosks are hosted have tried to intervene, but to do so effectively, they need training…
Share
BitcoinEthereumNews2025/11/05 08:29