SOL Treasury's Forward Plan to Deploy Funds into Solana DeFi Protocol

BlockBeats News, September 15th, according to TheBlock, SOL Treasury company Forward Industries Chairman Kyle Samani stated that the company plans to deploy funds into DeFi protocols on Solana.

BlockBeats previously reported that Forward Industries has currently invested 1.6 billion USD, buying 1.5 billion USD worth of SOL. Yesterday, Galaxy Digital accumulated 400 million USD worth of SOL for Forward Industries, while Forward Industries holds 1.1 billion USD worth of SOL in Coinbase Prime Custody.

Yesterday, crypto KOL Ansem posted, "One of Solana's weaknesses compared to Ethereum is DeFi activity. If Kyle Samani and others can deploy the funds from these SOL Treasuries (DAT) into DeFi protocols, that would be very bullish."