The post Forward Industries Raises $1.65B for Solana Treasury Strategy appeared on BitcoinEthereumNews.com. Key Notes Forward Industries closed a $1.65 billion private placement to create a Solana-focused corporate treasury. The funding round was led by major digital asset firms, including Galaxy Digital, Jump Crypto, and Multicoin Capital. The company aims to mirror MicroStrategy’s Bitcoin strategy by holding SOL directly on its balance sheet. Forward Industries, a global design company, has successfully closed a $1.65 billion private placement to establish the market’s largest corporate treasury focused on Solana SOL $225.9 24h volatility: 0.9% Market cap: $122.48 B Vol. 24h: $9.71 B . The move signals a major strategic shift for the Nasdaq-listed firm, positioning it as a key institutional player within the Solana ecosystem. According to the official announcement on Sept. 11, the financing round attracted backing from a broad mix of investment firms. This deal follows earlier reports about investors preparing a Solana treasury. The announcement confirmed that lead investors included Galaxy Digital, which has strong ties to the Solana ecosystem, along with Jump Crypto and Multicoin Capital. Forward’s Solana Treasury Strategy Forward Industries plans to use the net proceeds primarily to purchase SOL for its balance sheet. This approach mirrors the well-known MicroStrategy tactic, which has accumulated a large treasury of Bitcoin BTC $114 473 24h volatility: 0.6% Market cap: $2.28 T Vol. 24h: $45.44 B . The company aims to leverage its treasury through active management and innovative strategies. Concurrent with the deal, the company’s board has been restructured to reflect its new focus. Kyle Samani, co-founder of Multicoin Capital, was appointed Chairman of the Board. Representatives from Galaxy, which previously announced a stock tokenization initiative on Solana, and Jump Crypto will join as board observers. The decision to focus on Solana is backed by the network’s strong performance metrics. In the second quarter of 2025, Solana processed nearly 9 billion… The post Forward Industries Raises $1.65B for Solana Treasury Strategy appeared on BitcoinEthereumNews.com. Key Notes Forward Industries closed a $1.65 billion private placement to create a Solana-focused corporate treasury. The funding round was led by major digital asset firms, including Galaxy Digital, Jump Crypto, and Multicoin Capital. The company aims to mirror MicroStrategy’s Bitcoin strategy by holding SOL directly on its balance sheet. Forward Industries, a global design company, has successfully closed a $1.65 billion private placement to establish the market’s largest corporate treasury focused on Solana SOL $225.9 24h volatility: 0.9% Market cap: $122.48 B Vol. 24h: $9.71 B . The move signals a major strategic shift for the Nasdaq-listed firm, positioning it as a key institutional player within the Solana ecosystem. According to the official announcement on Sept. 11, the financing round attracted backing from a broad mix of investment firms. This deal follows earlier reports about investors preparing a Solana treasury. The announcement confirmed that lead investors included Galaxy Digital, which has strong ties to the Solana ecosystem, along with Jump Crypto and Multicoin Capital. Forward’s Solana Treasury Strategy Forward Industries plans to use the net proceeds primarily to purchase SOL for its balance sheet. This approach mirrors the well-known MicroStrategy tactic, which has accumulated a large treasury of Bitcoin BTC $114 473 24h volatility: 0.6% Market cap: $2.28 T Vol. 24h: $45.44 B . The company aims to leverage its treasury through active management and innovative strategies. Concurrent with the deal, the company’s board has been restructured to reflect its new focus. Kyle Samani, co-founder of Multicoin Capital, was appointed Chairman of the Board. Representatives from Galaxy, which previously announced a stock tokenization initiative on Solana, and Jump Crypto will join as board observers. The decision to focus on Solana is backed by the network’s strong performance metrics. In the second quarter of 2025, Solana processed nearly 9 billion…