Forward Industries’ Solana treasury is a newly announced $1.65 billion corporate reserve focused on SOL, designed to generate on‑chain returns via staking, trading and infrastructure support by Galaxy Digital, Jump Crypto and Multicoin Capital.
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Largest institutional Solana reserve announced: $1.65 billion committed to SOL exposure
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Three crypto native firms — Galaxy, Jump and Multicoin — will provide treasury services, infrastructure and governance.
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Forward aims to operate as a publicly traded institutional vehicle focused on on‑chain yield and long‑term value creation.
Forward Industries Solana treasury: Forward raises $1.65B to build the largest SOL corporate treasury. Read how Galaxy, Jump and Multicoin will manage it.
Forward Industry’s $1.6 billion SOL corporate treasury would be nearly triple the size of the largest existing Solana reserve.
What is Forward Industries’ Solana treasury?
Forward Industries’ Solana treasury is a $1.65 billion corporate strategy to hold and actively manage SOL and stablecoin reserves to generate on‑chain returns. The publicly traded company plans to use staking, lending, trading and infrastructure participation to increase SOL per share while operating as an institutional vehicle.
How was the $1.65 billion raised and who are the backers?
Forward secured $1.65 billion in cash and stablecoin commitments from crypto‑native investors and existing shareholders. Primary participants named in the announcement include Galaxy Digital (treasury management), Jump Crypto (infrastructure support) and Multicoin Capital (strategic guidance and governance). Plain‑text media reports previously noted similar intentions from major crypto firms.
How will Galaxy, Jump and Multicoin support the Solana treasury?
Galaxy Digital will provide treasury management, trading, lending and staking services to optimize yield and liquidity. Jump Crypto will contribute infrastructure expertise, including work on Firedancer and DoubleZero to improve Solana validator performance. Multicoin Capital will drive governance strategy and board leadership, with Kyle Samani expected to chair Forward’s board.
Why does Forward think a Solana treasury can create value?
Forward intends to be an active institutional participant in the Solana ecosystem. Management and backers argue active strategies—staking, strategic lending and participation in network infrastructure—can increase SOL per share faster than passive holding. The strategy targets long‑term on‑chain returns and value accretion for public shareholders.
How does this treasury compare to existing SOL reserves?
At announcement, Forward’s $1.65 billion reserve would be nearly triple the size of the largest publicly reported Solana holding. For reference, Upexi holds roughly 2 million SOL (~$430 million at recent prices) and DeFi Development Corporation reported ~1.29 million SOL (~$280 million). These figures provide context for the scale of Forward’s planned reserve.
Frequently Asked Questions
How will Forward turn SOL holdings into returns for shareholders?
Forward will pursue active strategies: staking for protocol rewards, lending and trading to capture yield, and strategic infrastructure investments to enhance long‑term token value. The aim is to increase SOL per share rather than merely hold tokens passively.
Is Forward’s treasury the largest Solana reserve to date?
Forward’s $1.65 billion commitment would exceed publicly reported Solana holdings, which include Upexi’s reported ~2 million SOL (~$430M) and DeFi Development Corporation’s ~1.29 million SOL (~$280M). This places Forward at a materially larger scale.
Key Takeaways
- Scale: Forward announced $1.65B to build the largest institutional Solana treasury to date.
- Partnerships: Galaxy Digital, Jump Crypto and Multicoin Capital provide treasury management, infrastructure and governance.
- Objective: Active on‑chain strategies—staking, lending, trading and infrastructure—aim to increase SOL per share and long‑term shareholder value.
Conclusion
The Forward Industries Solana treasury represents a sizable institutional bet on SOL, combining deep capital commitments with crypto‑native operational support. With Galaxy, Jump and Multicoin tied to treasury functions, the strategy targets sustainable on‑chain returns and governance engagement. Watch for regulatory disclosures and quarterly reports as the plan is implemented.
