Multicoin Capital Exits $1.65B Solana Treasury Deal
• Forward Industries launched its SOL treasury strategy in Sept. 2025
• Multicoin, Galaxy & Jump backed the $1.65B financing
• Multicoin now reports 0 beneficial ownership
• Forward holds ~7.81M SOL equivalents as of Aug. 2026
• Added 508,618 SOL in Q3
• Added another 254,325 SOL by Aug. 3
• Forward reported a $69M quarterly net loss
• Galaxy debt stood at $105M at June-end
• Forward also repurchased 2.5M+ shares
Multicoin has exited, but Forward continues aggressively expanding its Solana treasury.
#solana #sol #crypto #SolanaTreasury #CryptoNews
• Forward Industries launched its SOL treasury strategy in Sept. 2025
• Multicoin, Galaxy & Jump backed the $1.65B financing
• Multicoin now reports 0 beneficial ownership
• Forward holds ~7.81M SOL equivalents as of Aug. 2026
• Added 508,618 SOL in Q3
• Added another 254,325 SOL by Aug. 3
• Forward reported a $69M quarterly net loss
• Galaxy debt stood at $105M at June-end
• Forward also repurchased 2.5M+ shares
Multicoin has exited, but Forward continues aggressively expanding its Solana treasury.
#solana #sol #crypto #SolanaTreasury #CryptoNews