Forward Industries shifts focus to digital assets, filing a $4 billion ATM equity program with the SEC. Proceeds will fund Solana strategy, working capital, and business expansion. Funds raised won’t be held in escrow, directed to corporate purposes and Solana acquisitions.

Following a $1.65 billion private placement, Forward Industries purchases 6.8 million Solana tokens. Stock rises 15% post-deal closure, signaling investor interest in blockchain assets. New $4 billion ATM program to expand Solana holdings and support growth opportunities.

Multicoin Capital co-founder Kyle Samani appointed Chairman of Forward Industries’ Board. ATM program enhances scaling potential following successful treasury raise. Governance changes see new board members and observers from Galaxy Digital and Jump Crypto.

Institutional confidence in Solana grows as Forward Industries positions itself as a leading Solana treasury company. Corporate demand for Solana rises, with reserves exceeding $4 billion. High-profile acquisitions by Galaxy Digital fuel speculation over its role in shaping Solana’s treasury market.

Canada’s SOL Strategies debuts on Nasdaq with $94 million in Solana holdings. Upexi Inc. reports 2,018,419 SOL worth $447 million. BIT Mining Limited adds to reserves, prepares to rebrand as SOLAI. Helius Medical Technologies secures $500 million private placement for Solana treasury.

Read more at Yahoo Finance: Forward Industries Seeks $4B ATM Offering to Increase Solana-Focused Treasury