08.09.2025 11:05

According to reports from online sources, Forward Industries has unveiled a monumental strategic initiative to establish a $1.65 billion treasury dedicated to Solana (SOL). This significant move is being spearheaded in collaboration with a powerhouse trio of digital asset investment firms: Galaxy Digital, Jump Crypto, and Multicoin Capital, signaling a growing trend of corporate treasury diversification into prominent altcoins beyond Bitcoin and Ethereum.

The funding for this ambitious treasury program was secured through a special financing round, which raised the $1.65 billion in a combination of cash and stablecoins for acquisition purposes. The involvement of Galaxy, Jump Crypto, and Multicoin extends beyond mere financial backing; they will provide crucial strategic support and expertise. Their collaboration is designed to guide Forward Industries in structuring and executing its treasury strategy, with the ultimate aim of positioning the company as the foremost public institutional force within the burgeoning Solana ecosystem.

Michael Pruitt, the Chief Executive Officer of Forward Industries, articulated the vision behind the decision, highlighting Solana's emergence as one of the most innovative and widely adopted blockchain networks globally. He stated that this active treasury strategy underscores the company's profound belief in the long-term potential of SOL and reflects a commitment to generating shareholder value by participating directly in the ecosystem's growth. Pruitt further emphasized that leveraging the deep expertise and proven track record of partners like Galaxy, Jump Crypto, and Multicoin provides an exceptionally strong foundation for executing this strategy and cementing the company’s role as a key player in the digital asset space.