Forward Industries to Build Solana Treasury with $1.65B Bet

Forward Industries, ￰0￱ taken a decisive step into creating a treasury strategy centered on Solana (SOL). The firm recently announced a $1.65 billion funding raised through private investment in public equity (PIPE). The move represents one of the largest corporate commitments to the Solana blockchain to ￰1￱ the First Publicly Traded Solana Treasury Program The investment is being supported by some of the most influential names in crypto ￰2￱ includes Galaxy Digital, Jump Crypto, and Multicoin Capital. C/M Capital Partners, LP has also joined the round, according to the official ￰3￱ backing ensures Forward Industries will have the funding to launch its Solana-focused ￰4￱ also provides the expertise and industry reach needed to execute it ￰5￱ most public companies still treat digital assets as speculative or secondary holdings, Forward Industries is setting out to make Solana a centerpiece of its balance sheet ￰6￱ company said it is directly tying shareholder value to the performance of ￰7￱ means it is effectively betting on the blockchain’s continued adoption as one of the leading networks in the ￰8￱ Michael Pruitt called Solana both creative and widely ￰9￱ said the choice to focus on it comes from strong belief in its long-term ￰10￱ him, the plan is not just about keeping digital assets but about building a clear program that supports Solana’s growth and brings value to ￰11￱ Industries Taps Top Investors and New Leaders for Solana Plan The $1.65 billion investment is being organized through a private investment in public ￰12￱ structure will allow institutional investors to take significant stakes in public companies while giving the issuer flexible access to ￰13￱ manage the placement, Forward Industries has enlisted Cantor Fitzgerald & ￰14￱ the lead agent, with Galaxy Investment Banking acting as co-agent and financial ￰15￱ recognition of this partnership, Forward Industries will see new leadership voices added to its governance ￰16￱ Samani, co-founder of Multicoin Capital, will take the role of Chairman of the ￰17￱ Galaxy Digital’s Chris Ferraro and Jump Crypto’s Saurabh Sharma are expected to serve as ￰18￱ appointments show how closely the strategy is linked to the knowledge and experience of top digital asset ￰19￱ Treasuries: A Growing Corporate Trend Forward Industries is not alone in its focus on ￰20￱ companies have started testing treasury plans built on ￰21￱ shows growing trust from big institutions, as Solana has become one of the fastest and most used blockchains in the ￰22￱ funds, venture-backed firms, and asset managers like DeFi Development Corp (DFDV) and Upexi have already moved parts of their treasuries into ￰23￱ comes at a time when crypto treasury strategies are becoming more popular.