Key Notes

Forward Industries closed a $1.65 billion private placement to create a Solana-focused corporate treasury.

The funding round was led by major digital asset firms, including Galaxy Digital, Jump Crypto, and Multicoin Capital.

The company aims to mirror MicroStrategy's Bitcoin strategy by holding SOL directly on its balance sheet.

Forward Industries, a global design company, has successfully closed a $1.65 billion private placement to establish the market’s largest corporate treasury focused on Solana SOL $227.5 24h volatility: 1.9% Market cap: $123.69 B Vol. 24h: $9.68 B .

The move signals a major strategic shift for the Nasdaq-listed firm, positioning it as a key institutional player within the Solana ecosystem.

According to the official annou

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