$1.65 Billion: Solana Gets Its First 10-Figure Treasury Fund
Forward Industries, Inc. (NASDAQ:FORD) on Monday announced that it has secured $1.65 billion in cash and stablecoin commitments through a private investment in public equity led by Galaxy Digital (NASDAQ:GLXY), Jump Crypto, and Multicoin Capital to fund a Solana (CRYPTO: SOL)-focused digital asset treasury strategy.
The private placement marks the largest Solana-focused digital asset treasury company raise to date.
Existing shareholder C/M Capital Partners also participated in the transaction.
CEO Michael Pruitt said the strategy reflects conviction in Solana’s long-term growth.
“Our strategy to build an active Solana treasury program underscores our conviction in the long-term potential of SOL and our commitment to building shareholder value by …
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