Forward Industries, a digital asset-focused company, has authorized a $1 billion share repurchase program to return value to shareholders amid its transition into a digital asset treasury model. The company is currently the largest corporate holder of Solana with over 6.8 million SOL valued at roughly $1.1 billion.

Crypto treasury companies are facing valuation pressure as enterprise values have fallen relative to the market value of their underlying crypto holdings, reducing their market net asset value. Analysts warn that these firms, including Bitcoin treasury companies, may face a “death spiral” if NAVs continue to collapse.

Read more at Cointelegraph: Forward Industries Authorizes $1B Share Repurchase