Nasdaq-listed forward-looking industries (Ford) Said Thursday that it has closed the private investment of $ 1.65 billion in public equity (TUBE) Deal to build Corporate Crypto Treasury Centered About Solana .
Cash and StableCOin obligations, led by Galaxy Digital, Jump Crypto and Multicoin Capital, will finance the company’s plan to anchor its balance in Solana’s native token, sun.
The three main investors contributed more than $ 300 million, along with companies, including Bitwise Asset Management, Borderless Capital and Skybridge Capital, as well as several crypto founders and angel investors. Multicoin co-founder Kyle Samani has been appointed chairman, while Galaxy’s Chris Ferraro and Jump Cryptos Saurabh Sharma will act as observers.
The company’s stock rose as much as 15%before they paired some of the gains in trading before the market.
The move comes when public companies explore digital asset chains and keep crypto directly on their balance and seek to mirror early adopters like Micheal Saylor’s strategy (Mstr)which has become the largest business owner of Bitcoin .
Solana-focused Treasury Firms including Defi Development (DFDV)Upexi (Upxi) and sun strategies (Stss) Team over $ 1.4 billion in sun, Blockworks Data shows.
Read more: Forward Industries Travel $ 1.65B to launch Solana Treasury, stocks surge 128% pre-market
