{"id":19447,"date":"2025-09-13T05:49:07","date_gmt":"2025-09-13T05:49:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/19447\/"},"modified":"2025-09-13T05:49:07","modified_gmt":"2025-09-13T05:49:07","slug":"heres-why-this-company-went-all-in-with-its-1-65b-solana-treasury-play","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/19447\/","title":{"rendered":"Here’s why this company went ALL IN with its $1.65B Solana Treasury play"},"content":{"rendered":"

\t\t\t\t\t\t\t\tKey takeaways<\/p>\n

Forward Industries just made a massive $1.65 billion move to anchor its treasury in Solana, backed by major crypto players. With Solana\u2019s price climbing, the market appears to be backing the bet.<\/p>\n

Forward Industries just made one of the boldest bets on crypto we\u2019ve seen from a public company. The Nasdaq-listed firm closed a $1.65 billion private investment in a public equity (PIPE) deal to load up its corporate treasury with Solana [SOL].<\/a><\/p>\n

Backed by heavyweights, the move puts Forward squarely in the spotlight now.<\/p>\n

Forward bets big on Solana<\/p>\n

Led by Galaxy Digital, Jump Crypto, and Multicoin Capital, the round saw over $300 million committed by the trio. This, alongside support from Bitwise, Borderless Capital, SkyBridge, and a slate of crypto founders and angels.<\/p>\n

The move will reshape Forward\u2019s balance sheet,<\/a> putting SOL at its core. To cement the strategy, Multicoin\u2019s Kyle Samani is stepping in as Board Chairman, with Galaxy\u2019s Chris Ferraro and Jump\u2019s Saurabh Sharma joining in as observers.<\/p>\n

As expected, the market reaction was instant. In fact, the stock price spiked by 15% in pre-market trading before cooling down.<\/p>\n

Is it in elite company?<\/p>\n

A look at Solana\u2019s biggest corporate holders<\/a> highlighted the scale of Forward\u2019s latest move.<\/p>\n

\"solana<\/a><\/p>\n

Source: Strategic Solana Reserve<\/p>\n

Sharps Technology leads with 2.14M SOL, followed closely by DeFi Development Corp. and Upexi with around 2M SOL each. Galaxy Digital sits on 1.35M SOL worth $320.9M, while smaller players like Mercurity Fintech and iSpecimen round out the list.<\/p>\n

In comparison, Forward\u2019s $1.65 billion allocation will instantly place it well above these names \u2013 Making this one of the most aggressive Solana treasury plays to date.<\/p>\n

OI rises as Solana pushes higher
\n\"\"<\/a><\/p>\n

Source: Coinalyze<\/p>\n

On the back of this move, the Aggregated Open Interest climbed past $8.2 billion, with traders piling into positions rather than cashing out.<\/p>\n

On the price front, SOL<\/a> rallied to $238, up by 4.2% on the day, with its RSI just below the overbought zone.<\/p>\n

\"solana<\/a><\/p>\n

Source: TradingView<\/p>\n

The MACD was firmly in positive territory too, underlining strong upward pressure on the charts.<\/p>\n

Finally, at press time, both spot and derivatives action revealed sustained appetite. This makes Forward\u2019s $1.65 billion treasury bet look more like a calculated strike.<\/p>\n

If anything, the market may now be ready to back it.<\/p>\n

\t\t\t\t\t\t\t\t\t\t\tNext: Bitcoin \u2013 Will BTC\u2019s next rally hit $140K as miner behavior shifts?<\/a>\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Key takeaways Forward Industries just made a massive $1.65 billion move to anchor its treasury in Solana, backed…\n","protected":false},"author":2,"featured_media":19448,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[7625,138,111,139,69],"class_list":{"0":"post-19447","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-ambcrypto","9":"tag-business","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/19447","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=19447"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/19447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/19448"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=19447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=19447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=19447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}