{"id":47730,"date":"2025-09-16T08:01:33","date_gmt":"2025-09-16T08:01:33","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=47730"},"modified":"2025-09-16T08:01:33","modified_gmt":"2025-09-16T08:01:33","slug":"forward-industries-launches-solana-treasury-with-1-58-billion-purchase","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=47730","title":{"rendered":"Forward Industries Launches Solana Treasury With $1.58 Billion Purchase"},"content":{"rendered":"
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Forward Industries has commenced its Solana treasury strategy with an acquisition of more than 6.8 million SOL, backed by major industry players.<\/p>\n

Galaxy, Multicoin, & Jump Back Forward\u2019s Solana Treasury<\/h2>\n

According to a press release<\/a>, Forward Industries has completed its initial liquid Solana purchases totaling 6,822,000 SOL for its treasury strategy. The tokens cost the company $232 each or a total of $1.58 billion. CoinGecko\u2019s tracker<\/a> shows the largest SOL treasury before today held $474 million, making Forward\u2019s bet the largest yet.<\/p>\n

Forward Industries is a publicly-traded company that has historically focused on design and manufacturing. The dip into the digital asset sector with the Solana treasury program represents a new shift.<\/p>\n

Kyle Samani, Chairman of the Board of Directors at Forward Industries, said:<\/p>\n

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Today\u2019s purchase marks a significant milestone as Forward Industries begins executing its differentiated Solana treasury strategy, built to benefit from one of the fastest growing and most profitable blockchain networks.<\/p>\n<\/blockquote>\n

On September 11th, the firm closed a private investment in public equity (PIPE) raising $1.65 billion. The main players behind the financing were Galaxy Digital<\/a>, Multicoin Capital, and Jump Crypto, each of which are firms that have had a notable presence in the digital assets sector. The latest purchase is the initial deployment of this raised capital.<\/p>\n

Forward doesn\u2019t plan to just passively hold SOL. Instead, the company has said it will take a more dynamic approach, deploying assets within the cryptocurrency\u2019s ecosystem to generate more value. So far, it has put all its holdings into staking.<\/p>\n

Samani noted:<\/p>\n

\n

We are building the world\u2019s largest Solana treasury company, a strategy that will both advance the Solana ecosystem and deliver long-term value for our shareholders. We are pleased to make some of our SOL purchases on-chain, which is the first of many activities we expect the Company to do natively on-chain.<\/p>\n<\/blockquote>\n

Forward\u2019s treasury isn\u2019t the only SOL news for today. Neurotech company Helius Medical Technologies has also revealed a plan for a Solana treasury strategy, as per a press release<\/a>.<\/p>\n

The company intends to raise $500 million through PIPE financing and a further $750 million via stapled warrants. Backers include Pantera Capital and Summer Capital, among other names.<\/p>\n

Speaking of digital asset treasury companies, the OG firm Strategy<\/a> (formerly MicroStrategy) has also added to its Bitcoin holdings today, as announced by co-founder and chairman Michael Saylor<\/a> in an X post<\/a>.<\/p>\n

The acquisition has involved a total of 525 BTC, with a cost basis of $114,562 per token. In total, the buy has cost the company about $60.2 million, which is relatively modest when compared to some of the earlier purchases.<\/p>\n

SOL Price<\/h2>\n

Solana neared the $250 mark during the weekend, but the asset\u2019s price has declined since then as it has dropped to the $233 level.<\/p>\n

\"Solana<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Forward Industries has commenced its Solana treasury strategy with an acquisition of more than 6.8 million SOL, backed by major industry players. Galaxy, Multicoin, & Jump Back Forward\u2019s Solana Treasury According to a press release, Forward Industries has completed its initial liquid Solana purchases totaling 6,822,000 SOL for its treasury strategy. The tokens cost the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-47730","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47730","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47730"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47730\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47730"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47730"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47730"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}