A New Era for Corporate Treasury: Solana Attracts Growing Interest from Institutions

Forward Industries, a company traded on NASDAQ specializing in design and manufacturing, has revealed a $1.65 billion fundraising effort to establish a treasury centered on

(SOL), making it one of the most substantial individual investments into the blockchain to date. The capital, raised with the support of leading crypto-focused firms , Jump Crypto, and Multicoin Capital, will be allocated to direct SOL purchases, day-to-day operational needs, and other activities linked to digital assets. Through this move, is positioning itself as a publicly listed institutional investment entity with a deliberate emphasis on the Solana ecosystem. Additionally, the company announced its intention to roll out a $4 billion at-the-market (ATM) equity sale to reinforce its treasury plans.

The participation of Galaxy Digital, Jump Crypto, and Multicoin Capital demonstrates robust institutional faith in Solana’s future. Galaxy will handle treasury management, trading, and staking, while Jump Crypto will assist in infrastructure projects such as Firedancer and DoubleZero. Multicoin Capital is set to provide strategic counsel and governance expertise. Kyle Samani, Multicoin co-founder and newly named Chairman of Forward Industries, said the decision signals strong belief in Solana’s durability and upward momentum, adding that large-scale treasury strategies can boost SOL’s value per share more rapidly than passive holding approaches.

Solana’s attractiveness as a corporate treasury asset stems from its ability to process transactions at high speed, its low costs, and its solid DeFi support. As highlighted in a recent analysis, a number of publicly listed firms already hold considerable Solana reserves, with

Inc. holding the biggest declared Solana position publicly at 1.8 million SOL (worth $331 million) as of July 2025. Corp and are also building their Solana portfolios, with Bit Mining aiming to secure up to $300 million for its own treasury strategy. These developments highlight a growing corporate trend of allocating resources to blockchain networks, taking advantage of staking returns and new infrastructure to deliver profits.

Forward Industries’ recent fundraising has already made a noticeable impact on the market. Solana’s price jumped nearly 16% in the week after the announcement, trading at $238 and seeing a 53.49% rise in trading volume. Analysts believe Forward’s strategic actions, such as the ATM equity sale, could propel SOL’s strong price momentum further, especially if the Federal Reserve moves forward with a predicted 25-basis-point rate reduction. Such a policy shift could drive more funds into riskier assets, including cryptocurrencies, and potentially see Solana approach its projected 2025 peak of $296.

While the outlook is positive, there are still hurdles. Solana’s ecosystem remains less mature than that of

and , and the regulatory framework for alternative coins like SOL is still evolving. Network reliability and performance, though improved, are still points of focus—particularly for firms depending on staking and validator systems. Nonetheless, the increasing presence of institutional investors such as Pantera Capital, with $1.1 billion invested in Solana, shows that these challenges are being addressed. The addition of executives from top crypto organizations to Forward Industries’ governance adds further institutional legitimacy to its Solana-centered approach.

To sum up, Forward Industries’ $1.65 billion fundraising, coupled with the planned $4 billion ATM sale, marks a significant step in Solana’s embrace by institutions. By tapping into Solana’s efficient network and attractive yield possibilities, the company intends to drive value through active treasury management and deeper engagement with the ecosystem. With strong backing from major crypto firms and more public companies diversifying into Solana-based reserves, Solana is increasingly being regarded not just as a speculative asset, but as a fundamental part of modern corporate treasury strategy.