Forward Industries, Inc. (NASDAQ: FORD) has announced the completion of a significant private placement deal worth $1.65 billion. The funds will be directed toward bolstering the Solana treasury, signaling a powerful commitment to supporting one of the fastest-growing blockchain networks in the crypto space.

The substantial capital injection is expected to enhance Solana’s long-term financial stability and accelerate its ecosystem development. By securing such funding, Forward Industries not only demonstrates confidence in Solana but also underlines the increasing role of institutional players in shaping the digital asset economy.

For Solana, this treasury boost provides a stronger foundation to support developers, infrastructure, and community-driven projects. As competition among blockchain platforms intensifies, having a well-capitalized treasury will enable Solana to remain at the forefront of innovation and scalability.

This milestone further reflects the broader trend of traditional companies and financial institutions engaging with crypto assets. With billions flowing into blockchain ecosystems, the collaboration between Forward Industries and Solana showcases how legacy industries are embracing decentralized finance to secure their future relevance.