US EditionSOL News: Forward Industries (FORD) Raises $1.65B to Launch Solana Treasury, Shares Surge 128%
Forward Industries secured $1.65 billion from top crypto firms to establish the largest Solana-focused treasury, aiming to boost shareholder value and on-chain returns.
- On Monday, September 8, Nasdaq-listed Forward Industries announced a $1.65 billion PIPE led by Galaxy Digital, Jump Crypto and Multicoin Capital, marking the largest Solana-focused treasury financing to date.
- Forward Industries, founded more than 60 years ago, is repositioning itself as a digital asset treasury operator focused on the Solana blockchain, with plans to become a publicly traded institutional participant, the company said.
- Multicoin's Kyle Samani will become chairman of the board, Galaxy and Jump executives will serve as board observers, and Cantor Fitzgerald & Co. will act as lead placement agent, the company said Monday.
- Following the announcement, Forward Industries shares jumped 128% in pre-market trading and SOL rose 2.3%, while backers said the move could boost Solana's financial position and investor confidence.
- The deal is expected to close in early September and would position Forward as the largest corporate holder of Solana, joining Upexi Inc. and DeFi Development Corporation among 13 corporate Solana treasury firms holding $1.8 billion in reserves.
23 Articles
23 Articles
SOL News: Forward Industries (FORD) Raises $1.65B to Launch Solana Treasury, Shares Surge 128%
Forward Industries (FORD) has raised $1.65 billion in cash and stablecoin commitments through a private investment in public equity (PIPE) led by Galaxy Digital, Jump Crypto, and Multicoin Capital, marking the largest Solana-focused treasury financing to date.The firm's shares jumped 128% in pre-market trading, while SOL rose by 2.3% following the announcementThe funding will support Forward Industries’ plan to become a publicly traded instituti…
The Bakersfield Californian
Enid News & EagleForward Industries, Inc. Announces $1.65 Billion Private Placement in Cash and Stablecoin Commitments Led by Galaxy Digital, Jump Crypto, and Multicoin Capital to Initiate Solana Treasury Strategy
NEW YORK--(BUSINESS WIRE)--Sep 8, 2025-
Forward Industries Stock Skyrockets After $1.65 Billion Solana Treasury Pivot
Forward Industries (NASDAQ: FORD) stunned investors on Monday after announcing a $1.65 billion private placement in public equity (PIPE) to power its Solana treasury strategy. The move, revealed in a press release, marks a dramatic shift for the company, which until now had been focused on designing products for medical and technology industries. As part […]
Forward Industries Inc. will become the largest Solana Treasury Company in the world thanks to an investment of $1.65 billion — in cash and stablecoins. Among the investors, we find the giants of the Solana blockchain: Galaxy Digital, Jump Crypto and Multicoin Capital, but also CM Capital Partners, one of the majority shareholders of Forward Industries Inc. The article Solana: 3 giants put 1.65 billion in a Treasure Company appeared first on Cry…
Manufacturing Firm Forward Industries Pivots to Solana Treasury Strategy with $1.65B Raise
Forward Industries, a 60-year-old manufacturing company specializing in medical device and technology products, has raised $1.65 billion through a private placement to pivot toward a Solana-focused digital asset treasury strategy, the company announced in a statement.The NASDAQ-listed firm (FORD) secured commitments in cash and stablecoins from Galaxy Digital, Jump Crypto, and Multicoin Capital, marking one of the largest funding rounds for a So…
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
