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>>Forward Industries' ETH deposit results in a strategic $10.8 million loss on Coinbase.

Forward Industries' ETH deposit results in a strategic $10.8 million loss on Coinbase.

crypthub

about 3 hours ago

Transaction Overview

Forward Industries moved 8,200 ETH, valued at about $14.9 million, to Coinbase on April 15 2025. The transfer came from the firm’s treasury wallet, indicating intent to sell or repurpose the assets. It concludes a 2‑3 year holding period during which ETH prices fell markedly.

Loss Calculation & Strategy

Analysts estimate a $10.8 million loss, suggesting an average purchase price near $3,138 per ETH, matching early‑2022 levels. The disposal likely serves tax‑loss harvesting to offset gains elsewhere. This loss realization reflects a deliberate treasury maneuver rather than an accidental error.

Market Impact & Institutional Insight

The $14.9 million deposit is negligible versus Ethereum’s daily $10 billion trading volume, so price impact was minimal. Experts note such large deposits usually support portfolio rebalancing, liquidity needs, or tax planning, not impulsive trading. After tax considerations, the net financial effect could be neutral or even positive.

Transparency & Implications

Blockchain’s public ledger let analysts trace the move without any company statement. The event shows how on‑chain transparency merges with traditional finance tactics in institutional crypto management. Observers must interpret such data within broader strategic contexts.

Forward Industries' ETH deposit results in a strategic $10.8 million loss on Coinbase.

Transaction Overview

Loss Calculation & Strategy

Market Impact & Institutional Insight

Transparency & Implications

Forward Industries' ETH deposit results in a strategic $10.8 million loss on Coinbase.