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Forward Industries closed a $1.65 billion private placement to expand its Solana (SOL) treasury, marking one of the largest corporate Solana treasury raises to date. Led by Galaxy Digital, Jump Crypto, and Multicoin Capital, the funds will support the company’s new strategy to increase SOL holdings and participate actively in the Solana ecosystem. This bold move positions Forward Industries as a key institutional player in crypto asset management and blockchain innovation.
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