Forward Industries Raises $25 Million to Expand Solana Treasury
- —Sold 3,125,000 shares at $8.00, raising about $25 million before fees
- —Net proceeds earmarked for additional SOL purchases
- —Company previously reported nearly $1 billion unrealized loss
- —Treasury strategy launched in September 2025 with Galaxy Digital and Jump Crypto backing
Why it matters: Signals that Solana treasury firms keep raising equity to buy SOL even after steep unrealized losses.
Source: BlockchainReporter