-
Forward Industries raises $1.65 billion to buy Solana tokens
Forward Industries Inc. (NASDAQ: FORD) completed a $1.65 billion private investment in public equity financing to fund purchases of SOL, the native token of the Solana blockchain. The financing was led by Galaxy Digital, Jump Crypto, and Multicoin Capital, which collectively invested more than $300 million. Other participants included Bitwise Asset Management, Ribbit Capital, SkyBridge Capital, and several angel investors from the cryptocurrency sector. Kyle Samani, co-founder and managing partner of Multicoin Capital, was appointed chairman of Forward Industries' board of directors. The company's interim chief ... (full story)