Forward Industries Establishes $1.65B Solana Treasury as Institutional Interest Surges

Galaxy Digital has made a massive $486 million purchase of Solana (SOL), acquiring 2.2 million SOL tokens. This purchase is part of its broader strategy to fund a Solana treasury through Forward Industries, which raised $1.65 billion. Institutional interest in Solana is expanding, with entities holding over 10 million SOL tokens worth $2.44 billion. This surge in institutional accumulation has pushed Solana’s price up by 16.13% over the past week, reinforcing institutional confidence in the asset.

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