Forward Industries Raises $1.65B to Grow Solana Holdings

Published by

Sohrab Khawas

September 11, 2025

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.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Published by

Sohrab Khawas

Tags: Crypto news

September 11, 2025

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