Mentioned:
Forward Industries wants to keep adding to their Solana holdings. Which is exactly why they’ve just raised a fresh round of new capital.
What’s happening:
- Forward Industries (NASDAQ: FWDI) has raised $25M USD in a new equity financing round to accumulate more Solana
By the numbers:
- Forward Industries issued roughly 3.1M common shares at a price of $8.00 per share as part of the new funding round
Why it matters:
- Forward Industries has the largest holdings of Solana of any publicly traded company in the United States
Going deeper:
- Galaxy Digital (NASDAQ: GLXY) is the single largest shareholder of Forward Industries and previously led the $1.65B USD financing round into Forward Industries alongside of Jump Crypto and Multicoin
- DeFi Development Corp (NASDAQ: DFDV) just recently made waves when they purchased Solana to hold directly as an asset for the first time in more than ten months
