Forward Industries Secures $1.65 Billion in Private Placement to Bolster Solana Treasury Strategy

Reuters09-11

Forward Industries Secures $1.65 Billion in Private Placement to Bolster Solana Treasury <a href="https://laohu8.com/S/MSTR">Strategy</a>

Forward Industries Inc. $(FORD)$ has successfully closed a $1.65 billion private placement, enhancing its Solana treasury strategy. This funding round was led by Galaxy Digital, Jump Crypto, and Multicoin Capital, marking a significant step in Forward Industries' foray into the cryptocurrency market. The proceeds will be primarily used to purchase SOL, the native asset of the Solana blockchain, for working capital and future transactions, as well as to establish the company's cryptocurrency treasury operations. This move positions Forward Industries to capitalize on Solana's rapid growth in the decentralized finance space. Key figures from Galaxy, Jump Crypto, and Multicoin have joined Forward Industries' board to provide strategic insights, further strengthening the company's position in the Solana ecosystem.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Forward Industries Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250910472556) on September 11, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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