Forward Industries, Inc. has taken a decisive step into creating a treasury strategy centered on Solana (SOL). The firm recently announced a $1.65 billion funding raised through private investment in public equity (PIPE). The move represents one of the largest corporate commitments to the Solana blockchain to date. Building the First Publicly Traded Solana Treasury Program The investment is being supported by some of the most influential names in crypto finance. This includes Galaxy Digital, Jump Crypto, and Multicoin Capital. C/M Capital Partners, LP has also joined the round, according to the official release. Their backing ensures Forward Industries will have the funding to launch its Solana-focused treasury. It also provides the expertise and industry reach needed to execute it effectively. While most public companies still treat digital assets as speculative or secondary holdings, Forward Industries is setting out to make Solana a centerpiece of its balance sheet strategy. The company said it is directly tying shareholder value to the performance of Solana. This means it is effectively betting on the blockchain’s continued adoption as one of the leading networks in the world. CEO Michael Pruitt called Solana both creative and widely used. He said the choice to focus on it comes from strong belief in its long-term future. For him, the plan is not just about keeping digital assets but about building a clear program that supports Solana’s growth and brings value to shareholders. Forward Industries Taps Top Investors and New Leaders for Solana Plan The $1.65 billion investment is being organized through a private investment in public equity. This structure will allow institutional investors to take significant stakes in public companies while giving the issuer flexible access to capital. To manage the placement, Forward Industries has enlisted Cantor Fitzgerald & Co. as the lead agent, with Galaxy Investment Banking acting as co-agent and financial advisor. In recognition of this partnership, Forward Industries will see new leadership voices added to its governance structure. Kyle Samani, co-founder of Multicoin Capital, will take the role of Chairman of the Board. While Galaxy Digital’s Chris Ferraro and Jump Crypto’s Saurabh Sharma are expected to serve as observers. These appointments show how closely the strategy is linked to the knowledge and experience of top digital asset investors. Solana Treasuries: A Growing Corporate Trend Forward Industries is not alone in its focus on Solana . Several companies have started testing treasury plans built on Solana. This shows growing trust from big institutions, as Solana has become one of the fastest and most used blockchains in the industry. Hedge funds, venture-backed firms, and asset managers like DeFi Development Corp (DFDV) and Upexi have already moved parts of their treasuries into Solana. This comes at a time when crypto treasury strategies are becoming more popular. The post Forward Industries to Build Solana Treasury with $1.65B Bet appeared first on TheCoinrise.com .
