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Forward Industries Invests $165 Million in Solana Digital Asset Strategy with Major Crypto Firms

A significant investment in digital asset management, specifically targeting Solana, reflects...
Key Metrics

10.39

Heat Index
  • Impact Level
    Medium
  • Scope Level
    National
  • Last Update
    2025-09-08
Key Impacts
Positive Impacts (6)
Solana (SOL) Token
Forward Industries Inc. (FORD)
Galaxy Digital Holdings Ltd.
Stablecoins (USDC, USDT)
Crypto Asset Management Sector
Crypto Exchanges (e.g., Coinbase Global)
Negative Impacts (1)
Ethereum (ETH)
Total impacts: 7 | Positive: 6 | Negative: 1
Event Overview

A significant investment in digital asset management, specifically targeting Solana, reflects growing institutional interest and strategic partnerships in the cryptocurrency sector. The involvement of major crypto firms underscores the potential for innovation and growth in this space.

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Forward Industries Announces $165 Million Investment for Solana Digital Asset Strategy
2025-09-09 00:50

Forward Industries Inc (NASDAQ: FORD) announced a $165 million cash and stablecoin commitment for a private equity investment. The investment is led by Galaxy Digital, Jump Crypto, and Multicoin Capital, and aims to launch a digital asset management strategy focused on Solana. C/M Capital Partners LP, one of the company's largest existing shareholders, also participated in the deal. Galaxy, Jump Crypto, and Multicoin will provide funding and strategic support to help Forward Industries build and execute its Solana financial strategy.

Total records: 1
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