Summary
- Nasdaq-listed Forward Industries said it raised 1.65 billion dollars for a Solana (SOL) accumulation strategy.
- It said the investment was conducted through a private placement, with Galaxy Digital, Jump Crypto, Multicoin Capital, among others, participating.
- CEO Michael Pruitt said he would increase shareholder value through Solana accumulation.
Nasdaq-listed Forward Industries has reportedly raised 1.65 billion dollars to pursue a Solana (SOL) accumulation strategy.
On the 8th (local time), according to Business Wire, Forward Industries said in a press release, "We raised 1.65 billion dollars (about 2.3 trillion won) to pursue a Solana accumulation strategy." The investment was made through a private placement, and Galaxy Digital, Jump Crypto, Multicoin Capital, among others, participated.
Michael Pruitt, Forward's CEO, said, "Solana is the most innovative blockchain in the world," and "We will increase shareholder value through Solana accumulation."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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