Forward Industries raises $1.65 billion for Solana Reserve Fund, SOL prices rise
Source: CoinWorld
Time: 2025-09-12 02:51:15
Forward Industries has completed a $1.65 billion PIPE release to establish the Solana Treasury, backed by a joint investment of $300 million from Galaxy Digital, Jump Crypto and Multicoin Capital. After the announcement, SOL soared to a seven-month high of $228, breaking through the $224 resistance. The company plans to use net proceeds primarily to purchase SOLs, making it a leading Solana corporate treasury holder.