Front industries that are quoted in Nasdaq (FORD) Thursday said that it has closed the private investment of $ 1.65 billion in public capital (TUBE) Treatment to build the corporate crypto treasure centered in Solana .
Cash and Stablecoin commitments, led by Galaxy Digital, Jump Crypto and Mulicoin Capital, will finance the company’s plan to anchor their balance in the native token of Solana, Sol.
The three main investors contributed more than $ 300 million, united by companies such as Bitwise Asset Management, Capital Borderless and Skybridge Capital, as well as several founders of cryptography and angels. The Multicoin co -founder, Kyle Samani, was appointed president of the Board, while Chris Ferraro de Galaxy and Saurabh Sharma de Crypto de Crypto will serve as observers.
The company’s shares increased up to 15% before reducing some of the profits in trade prior to the market.
The measure occurs when public companies explore the bonds of the digital asset, having cryptography directly in their balance sheets, seeking to reflect the first users such as Micheal Saylor’s strategy (Mstr)which has become the largest corporate owner of Bitcoin .
Solana -centered treasury companies, including defi development (DFDV)UPEXI (UPXI) and sun strategies (STSS) Collectively retain more than $ 1.4 billion in Sol, as shown by the BlockWorks data.
Read more: Forward Industries raises $ 1.65b to launch the Solana Treasury, the shares increase 128% of the previous market
