Forward Industries Raises $1.65 Billion for Solana-Focused Crypto Treasury

Nasdaq-listed company Forward Industries has secured a massive $1.65 billion in funding to launch a dedicated Solana (SOL) crypto treasury strategy. This unprecedented investment, led by leading crypto firms Galaxy Digital, Jump Crypto, and Multicoin Capital, solidifies the Solana ecosystem’s position within the broader financial landscape. Forward Industries aims to become a publicly traded institutional vehicle, leveraging its new treasury to generate on-chain returns and long-term value through active participation in the Solana ecosystem.