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Solana Treasury: Forward Industries (FORD) Closes $1.65B PIPE Deal in Cash and Stablecoin Commitments
Forward IndustriesForward Industries(US:FORD) FinanceFeeds·2025-09-12 01:30

Forward Industries (NASDAQ: FORD) on Thursday announced the completion of a Solana (SOL) treasury-focused $1.65 billion private investment in public equity (PIPE) financing, representing one of the largest blockchain-focused deals in 2025. Led by Galaxy Digital, Jump Crypto, and Multicoin Capital, the funding accelerates Forward’s Solana treasury strategy.According to the press statement, new capital will be used to purchase SOL, fund working capital, and launch bespoke digital asset management solutions th ...