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Forward Industries Launches $1.65 Billion Treasury Based on Solana

Forward Industries Launches $1.65 Billion Treasury Based on Solana

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by Giorgi Kostiuk

2 days ago

Forward Industries has announced the creation of a $1.65 billion treasury for the Solana ecosystem with the backing of key players in the crypto industry.

Forward Industries' Strategy for Solana

Forward Industries has announced the creation of a treasury worth $1.65 billion, focusing on Solana (SOL). This marks a significant step in harnessing the potential of this blockchain.

Investments and Partner Support

The company received $1.65 billion in investments, including cash and stablecoins, supported by Galaxy Digital, Jump Crypto, and Multicoin Capital, who will assist in structuring the treasury.

Statements from Forward Industries CEO

Forward Industries CEO Michael Pruitt stated: "Solana has emerged as one of the world's most innovative and widely adopted blockchain ecosystems..."

The establishment of a $1.65 billion treasury for Solana highlights the increasing interest of institutional investors in blockchain projects and underscores the significance of the Solana ecosystem.

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