forward industries holds $1.65b in sol but trades at $45m market cap. that's buying sol at 97% discount through nasdaq. they generate 1,000+ sol daily from staking, $67m annual yield that prevents dilution. citadel already figured this out with 4.5% stake in defi dev corp doing same playbook. when sol etfs launch at premiums, these treasury stocks trading at 88-97% discounts to nav get violent repricing.
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