Forward Industries, Inc. (NASDAQ: FORD) recently revealed a significant financial development by securing $1.65 billion in cash and stablecoin commitments through a private investment in public equity. Leading the investment were Galaxy Digital (NASDAQ: GLXY), Jump Crypto, and Multicoin Capital, with the aim of supporting a digital asset treasury strategy focused on Solana (CRYPTO: SOL). This private placement represents the largest fundraise for a Solana-focused digital asset treasury company thus far. Noteworthy is the participation of existing shareholder C/M Capital Partners in this transaction. CEO Michael Pruitt expressed confidence in Solana's future growth, emphasizing their commitment to building shareholder value through an active Solana treasury program. This move highlights the company's belief in the long-term potential of SOL.