Forward Industries Transforms into Solana Digital Asset Treasury Company Following $1.65 Billion Investment
TL;DR
Forward Industries' strategic pivot to become a leading Solana treasury company offers investors exposure to crypto asset management through its $1.65 billion funding and 6.87 million SOL holdings.
Forward Industries transitioned from traditional manufacturing to digital assets through a $1.65 billion private placement and now manages Solana tokens using staking, lending, and DeFi strategies.
Forward Industries' transformation into a digital asset treasury company advances blockchain adoption and creates new financial infrastructure for the evolving digital economy.
A 60-year-old design company just reinvented itself as a Solana treasury firm holding 6.87 million tokens backed by major crypto investors.
Found this article helpful?
Share it with your network and spread the knowledge!
Forward Industries, Inc. (NASDAQ: FORD) has undergone a dramatic strategic transformation from a traditional design and manufacturing business to a digital asset-focused enterprise, according to a new research report by Oak Ridge Financial. The October 23, 2025, report details how the company has positioned itself as what the research firm describes as "the world's leading Solana treasury company" following a substantial $1.65 billion private placement led by prominent cryptocurrency investment firms Galaxy Digital, Jump Crypto, and Multicoin Capital.
The Oak Ridge Financial report provides investors with comprehensive analysis of Forward Industries' entry into the Digital Asset Treasury (DAT) sector, emphasizing the company's focus on acquiring and managing Solana (SOL) tokens to generate shareholder value. The company's strategy involves active onchain management techniques including staking, lending, and participation in decentralized finance protocols. According to the research, Forward Industries' Solana holdings total approximately 6.87 million SOL, representing a market capitalization of $1.57 billion and an enterprise value of $1.58 billion.
The transformation represents one of the most significant corporate pivots into the cryptocurrency space, with implications for both traditional investors and the broader digital asset industry. Oak Ridge Financial identifies the company's partnerships and management team as key differentiators expected to position Forward ahead of peer DAT companies. The research firm frames this as an "initial informational report" aimed at providing investors context on Forward's new direction and its role in the evolving crypto asset management landscape.
While the report does not assign a rating or price target pending a full quarter of DAT operations, the analysis provides crucial insight into how traditional companies are adapting to the growing digital asset economy. The full research report is available at https://ccw.fm/i7dD2. This corporate transformation highlights the increasing institutional adoption of cryptocurrency strategies and demonstrates how established companies are leveraging digital assets to create new business models and shareholder value in the evolving financial landscape.
Curated from InvestorBrandNetwork (IBN)
