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Forward Industries stories

Aug 13, 2026

Multicoin Capital exits $1.65 billion Solana treasury company Forward Industries after eight months

Multicoin Capital has exited its stake in Forward Industries, the largest Solana treasury company, according to SEC filings. The crypto investment firm had been one of three lead investors in the company it helped launch eight months prior.

Aug 13, 2026·1 source

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▪Forward Industries added 508,618 SOL and SOL equivalents during its fiscal third quarter ended June 30, 2026, increasing its total holdings to approximately 7.55 million SOL equivalents.
▪Between July 1 and August 3, 2026, Forward Industries acquired an additional 254,325 SOL equivalents at an average cost of about $75, raising its treasury to roughly 7.81 million SOL equivalents.
▪Kyle Samani accused Multicoin Capital in July 2026 of working against Solana developers after Multicoin Capital backed a policy initiative with the Hyperliquid Policy Center.

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Crypto venture capital Solana Crypto Institutional crypto adoption