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Forward Industries has completed a $165 million cash and stablecoin committed private placement to advance its Solana Treasury strategy.

By: theblockbeats.news|2025/09/11 10:42:44

BlockBeats News, September 11th, according to market sources, Forward Industries completed a $1.65 billion cash and stablecoin committed private placement to advance its Solana Treasury strategy.

On September 8th, Forward Industries, Inc. (Nasdaq: FORD) announced that it had raised $1.65 billion in cash and stablecoin subscription funds through a Private Investment in Public Equity (PIPE) offering, with lead investments from Galaxy Digital, Jump Crypto, and Multicoin Capital, to kickstart a Solana-centric digital asset treasury strategy.

The Hyperliquid top validator publicly announced their support for the Native Markets bidding for USDH.

Native Markets has secured a 71.88% staking share in the USDH auction.