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Forward Industries' effort to consolidate Solana ($SOL) treasury companies ran into a wall: two firms rejected its acquisition proposals outright, and a third offer expired without any response.
The sweep of refusals leaves Forward Industries with nothing to show for what appears to have been a multi-target campaign to roll up the sector.
What a Solana Treasury Firm Is — and Why One Is Worth Acquiring A Solana treasury firm is a company whose primary balance-sheet asset is $SOL, the native token of the Solana blockchain.
The structure mirrors the corporate Bitcoin treasury model: shareholders gain regulated, equity-market exposure to a crypto asset without handling private keys or exchange accounts themselves.
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