The largest Solana treasury has unrealized losses exceeding 40%, as former ParaFi executives are urgently parachuted in to save the situation.

[比推] Forward Industries, the world's largest Solana treasury institution, has recently been a bit anxious. The SOL tokens they hold have fallen by more than 40% in three months, and they have quickly hired Ryan Navi, the former Managing Director of ParaFi Capital, as Chief Investment Officer to salvage the situation.

Looking back to mid-September, the company splashed about $1.58 billion, buying nearly 6.82 million SOL at an average price of $232. As a result, SOL is now only around $124, resulting in a significant paper loss. Even more outrageous, they had previously submitted a $4 billion equity financing plan, wanting to continue to increase their position in SOL. As of last month's statistics, the holdings had slightly increased to about 6.91 million, but this wave of decline has cast a shadow over the entire strategy. With a new official in charge, whether they can turn the situation around is what the market is watching.