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Forward, the largest Solana-based decentralized autonomous treasury, saw its stock climb 8% on Tuesday as the company pressed ahead with acquisition overtures that smaller DATs in the ecosystem have so far declined.
The move puts Forward at the center of a consolidation story playing out across Solana DAT stocks, which were broadly active on the day.
Smaller DATs Refuse the Offer The acquisition bids came from Forward, but the smaller DATs on the receiving end rejected them.
The source does not name those targets or detail the terms being offered, so what drove the rejections — valuation disagreement, governance concerns, or something else — is not yet clear from available information.
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