Forward Industries, Inc. (NASDAQ: FORD) announced the completion of a significant private equity investment (PIPE) financing, raising $1.65 billion through the involvement of major cryptocurrency firms such as Galaxy Digital, Jump Crypto, and Multicoin Capital. This substantial influx of capital will be primarily used by Forward Industries to acquire SOL, the native digital asset of the Solana blockchain, for operational purposes. The company intends to leverage these funds to build out its cryptocurrency fund operations and cover associated transaction fees. In addition to the significant investment from Galaxy, Jump Crypto, and Multicoin Capital, the PIPE also attracted support from a diverse group of global investment firms and influential figures in the digital asset space.