Key control
Forward Industries has just made a massive movement of $ 1.65 billion to anchor his treasure in Solana, backed by the main cryptographic players. With the Solana price climb, the market seems to be supporting the bet.
Forward Industries has just made one of the boldest bets of the cryptography we have seen from a public company. The company that quotes in Nasdaq closed a private investment of $ 1.65 billion in a public capital agreement (pipe) to load its corporate treasure with Solana [SOL].
Backed by heavyweight, the movement is presented directly at the Center for Care now.
Big Bets Big in Solana
Directed by Galaxy Digital, Jump Crypto and Mulicoin Capital, La Ronda saw more than $ 300 million committed by the trio. This, together with the support of Bitwise, Capital Borderless, Skybridge and a list of cryptographic founders and angels.
The movement will restructure the general balance forward, putting in its nucleus. To consolidate the strategy, Kyle Samani de Multicoin is widging as president of the Board, with Chris Ferraro de Galaxy and Saurabh Sharma of Jump join as observers.
As expected, the market reaction was instantaneous. In fact, the price of shares increased by 15% in trade prior to the market before cooling.
Is it in Elite Company?
A look at the largest corporate headlines in Solana highlighted the scale of the last Forward movement.
Source: Solana Strategic Reserve
The Sharps technology leads with a 2.14 m sun, closely followed by Development Corp. and Upexi with about 2 m sun each. Galaxy Digital is in 1.35m Sol with a value of $ 320.9 million, while smaller players such as Mercury Fintech and Ispecimen complete the list.
In comparison, the allocation of $ 1.65 billion of Forward will place it instantly well above these names, which makes this one of the most aggressive Solana treasury works to date.
Oi rises as Solana pushes higher
Source: Coinalyze
To the back of this movement, the aggregate open interest rose more than $ 8.2 billion, with merchants accumulating positions instead of charging.
In the price front, Sol recovered at $ 238, 4.2% in the day, with its RSI just below the overwhelming area.
Source: TrainingView
The MACD was also firmly in positive territory, underlining a strong upward pressure on the lists.
Finally, at the time of publication, both the action of Spot and derivatatative revealed sustained appetite. This makes the treasure bet of $ 1.65 billion of progress look more like a calculated strike.
In any case, the market can now be ready to support it.
