Forward Industries Unleashes 6.8 Million SOL in a Wild Solana Treasury Gamble!

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Forward Industries, those daring souls, have announced that they now control a staggering 6,822,000 Solana (SOL) after kicking off their audacious Solana-focused corporate treasury program. This bold move comes right after they wrapped up a rather juicy $1.65 billion private investment in public equity (PIPE). Talk about making money moves! 💸

Forward Industries Dubs Solana Treasury Raise the “Largest to Date” (At Least, for Now) 😏

The Nasdaq-listed company proclaimed that their initial SOL purchases were made at an average of $232 per token, summing up to an impressive outlay of around $1.58 billion. Not a bad way to spend your money, right? The purchases came from a delightful mix of open-market buys and on-chain transactions-because who doesn’t like to diversify their assets?

But wait, this isn’t just some casual crypto buy-and-hold strategy. Forward Industries sees this as merely the first phase of a grander Solana treasury play. The idea is to “increase SOL per share” through active management, not just sitting around and hoping for a miracle. So yes, all SOL acquired so far is staked, because, well, why not?

The money came from that massive $1.65 billion PIPE, which closed on Sept. 11, 2025. It was led by the heavyweights Galaxy Digital, Jump Crypto, and Multicoin Capital. Oh, and let’s not forget the *other* investors that joined the ride. Forward Industries described it as the largest Solana-focused digital asset treasury financing to date. That’s like saying they’ve won the gold medal in a competition nobody else has entered. 🥇

As part of their initial deployment, Forward Industries made headlines with a $1 million trade executed via DFlow, a low-latency decentralized exchange (DEX) aggregator. All of this magic happened on the Solana network, of course, and liquidity was routed through SolFi. Why? Well, they framed it as a way to access different venues and seek the best execution for shareholders. Just your average Tuesday, right? 😎

Kyle Samani, chair of the board, had this to say: “We’re aiming to build the world’s largest Solana treasury company.” Oh, and don’t worry, the strategy isn’t just for giggles-it’s meant to support the Solana ecosystem while bringing long-term value to shareholders. You know, the usual. Interim CEO Michael Pruitt added that they built “an exceptional SOL treasury in less than a week” since closing the PIPE. I mean, they don’t call it exceptional for nothing. 🏆

Founded a whopping 60 years ago, Forward Industries started as a design company for medical and technology clients. But in September 2025, they pivoted to launch their Solana treasury effort. And who are they working with? None other than the titans of the industry: Galaxy Digital, Jump Crypto, and Multicoin Capital. Because, obviously, you don’t just want *any* partners-you want the best. 🏅

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2025-09-15 19:47