US Firms Face $1.5B in Unrealized Solana Losses

Four US-listed firms have accumulated over $1.5 billion in unrealized losses from holding Solana as treasury assets.

The companies, Forward Industries, Sharps Technology, DeFi Development Corp, and Upexi, account for more than $1.4 billion of the disclosed losses.

Forward Industries holds the largest position, with over 6.9 million Solana acquired at an average price of around $230.

The company faces unrealized losses exceeding $1 billion as the gap between cost basis and market value widened.