Forward Industries Raises $1.65 Billion to Fuel Solana Strategy

Forward Industries has secured a significant $1.65 billion in funding through a private placement, setting the stage for a dedicated Solana treasury strategy. This strategic move involves key industry players like Galaxy Digital, Jump Crypto, and Multicoin Capital, providing both financial backing and invaluable expertise. The initiative marks Forward Industries’ shift from its traditional focus on tech and medical device design to embracing the digital asset space. 128% surge in pre-market trading reflects investor enthusiasm for this new direction.