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Benzinga
Benzinga
Business
Murtuza J Merchant

$1.65 Billion: Solana Gets Its First 10-Figure Treasury Fund

Solana SOL Forward Industries Galaxy Jump Crypto Ford Forward Galaxy Digital GLXY Saurabh Sharma
Solana,Logo,And,Coin,With,Shiny,Elements

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.

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