The post Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise appeared on BitcoinEthereumNews.com. In brief Forward Industries, the largest publicly traded Solana treasury company, filed to raise $4 billion through an at-the-market equity offering to expand its SOL holdings. The company’s stock (FORD) fell 8.2% following the announcement, while the proceeds could more than double the $3.1 billion currently held in Solana treasuries. DeFi Development Corp. also registered a preferred stock offering with the SEC, following similar funding tactics used by Bitcoin treasury companies like MicroStrategy. Forward Industries, the newest and largest publicly traded Solana treasury company, has filed to raise $4 billion through an at-the-market equity offering. For the sake of comparison, this $4 billion raise is nearly the same size as Bitcoin treasury Strategy’s Stride preferred stock raise in July. And it’s double the size of the Strife preferred stock offering the company did in May. The proceeds would be used for working capital; pursuit of its Solana token strategy, and “the purchase of income-generating assets to grow its business,” the company said in a press release. Forward Industries declined to comment to Decrypt on what other income-generating assets it’s considering adding to its balance sheet.  As markets opened Wednesday morning, Forward saw its stock price take a dive. The shares, which trade under the FORD ticker on the Nasdaq, dipped to $31.29 before rebounding to $34.28 at the time of writing—marking a 8.2% fall for the session. If the company sells all the shares and spends the bulk of the proceeds on buying Solana, it could more than double the amount of SOL being held in treasuries. At the time of writing, there’s already $3.1 billion in Solana treasuries, according to crypto price aggregator CoinGecko. Users on Myriad, a prediction market owned by Decrypt parent company DASTAN, have been growing more confident that SOL will reach $250 sooner than… The post Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise appeared on BitcoinEthereumNews.com. In brief Forward Industries, the largest publicly traded Solana treasury company, filed to raise $4 billion through an at-the-market equity offering to expand its SOL holdings. The company’s stock (FORD) fell 8.2% following the announcement, while the proceeds could more than double the $3.1 billion currently held in Solana treasuries. DeFi Development Corp. also registered a preferred stock offering with the SEC, following similar funding tactics used by Bitcoin treasury companies like MicroStrategy. Forward Industries, the newest and largest publicly traded Solana treasury company, has filed to raise $4 billion through an at-the-market equity offering. For the sake of comparison, this $4 billion raise is nearly the same size as Bitcoin treasury Strategy’s Stride preferred stock raise in July. And it’s double the size of the Strife preferred stock offering the company did in May. The proceeds would be used for working capital; pursuit of its Solana token strategy, and “the purchase of income-generating assets to grow its business,” the company said in a press release. Forward Industries declined to comment to Decrypt on what other income-generating assets it’s considering adding to its balance sheet.  As markets opened Wednesday morning, Forward saw its stock price take a dive. The shares, which trade under the FORD ticker on the Nasdaq, dipped to $31.29 before rebounding to $34.28 at the time of writing—marking a 8.2% fall for the session. If the company sells all the shares and spends the bulk of the proceeds on buying Solana, it could more than double the amount of SOL being held in treasuries. At the time of writing, there’s already $3.1 billion in Solana treasuries, according to crypto price aggregator CoinGecko. Users on Myriad, a prediction market owned by Decrypt parent company DASTAN, have been growing more confident that SOL will reach $250 sooner than…

Solana Treasury Firm Holdings Could Double as Forward Industries Unveils $4 Billion Raise

2025/09/18 12:43

In brief

  • Forward Industries, the largest publicly traded Solana treasury company, filed to raise $4 billion through an at-the-market equity offering to expand its SOL holdings.
  • The company’s stock (FORD) fell 8.2% following the announcement, while the proceeds could more than double the $3.1 billion currently held in Solana treasuries.
  • DeFi Development Corp. also registered a preferred stock offering with the SEC, following similar funding tactics used by Bitcoin treasury companies like MicroStrategy.

Forward Industries, the newest and largest publicly traded Solana treasury company, has filed to raise $4 billion through an at-the-market equity offering.

For the sake of comparison, this $4 billion raise is nearly the same size as Bitcoin treasury Strategy’s Stride preferred stock raise in July. And it’s double the size of the Strife preferred stock offering the company did in May.

The proceeds would be used for working capital; pursuit of its Solana token strategy, and “the purchase of income-generating assets to grow its business,” the company said in a press release.

Forward Industries declined to comment to Decrypt on what other income-generating assets it’s considering adding to its balance sheet.

As markets opened Wednesday morning, Forward saw its stock price take a dive. The shares, which trade under the FORD ticker on the Nasdaq, dipped to $31.29 before rebounding to $34.28 at the time of writing—marking a 8.2% fall for the session.

If the company sells all the shares and spends the bulk of the proceeds on buying Solana, it could more than double the amount of SOL being held in treasuries. At the time of writing, there’s already $3.1 billion in Solana treasuries, according to crypto price aggregator CoinGecko.

Users on Myriad, a prediction market owned by Decrypt parent company DASTAN, have been growing more confident that SOL will reach $250 sooner than it sees a significant retrace. As of Wednesday morning, 90% of predictors think it’ll close the gap before it sees $130 again. At the time of writing, Solana is trading for $235.45 after having gained 1.2% in the past day.

Forward Industries has named Cantor Fitzgerald as the sale agent for the offering, for which the financial services firm will collect a 3% fee. Forward Industries also noted that the company’s automatic shelf registration on its S-3 form is already effective—which means the shares will be tradable once they’re sold.

“Through this offering, Forward Industries gains a flexible and efficient mechanism to raise and methodically deploy capital in support of our Solana treasury strategy,” Kyle Samani, Forward Industries’s chairman of the board of directors, said in the press release. He added that the company is well-positioned to scale its SOL treasury, strengthen its balance sheet, and pursue growth initiatives.

Forward isn’t the only Solana treasury company ripping a page from Strategy’s book. DeFi Development Corp. yesterday registered a preferred stock offering with the SEC. The Series C Cumulative Perpetual Preferred Stock offering mirrors the funding tactics used by the $74 billion Bitcoin juggernaut.

The preliminary SEC registration says the preferred shares will pay quarterly dividends as a fixed rate, but doesn’t specify what that rate will be. The company has applied to list the Series C on Nasdaq Capital Markets, but hasn’t yet disclosed a ticker symbol.

“As for the ticker symbol, stay tuned,” Dan Kang, head of investor relations at Defi Development Corp. told Decrypt. “We’d love to do something clever and crypto-native there.”

For the sake of comparison, the new shares appear to be somewhat comparable to MSTR’s Stride offering, which was a straightforward fixed-rate perpetual preferred with cumulative dividends and optional conversion.

But Kang said copying MSTR isn’t really the point.

“Our goal is to test market receptivity to preferred structures,” he said. “We think these can work really well for Solana treasury companies, because our validator, staking, and onchain activities can help provide consistent dividend or coupon coverage.”

He said that’s one of the benefits to being a Solana treasury. Bitcoin treasury companies “generally need to rely on ATM programs or equity issuance to meet coupon obligations if they don’t have a cash-flow generating operating business,” Kang added.

At the time of writing, DFDV shares—which trade on the NasdaqCM—are changing hands for $17.40, about 4.3% lower than their previous close.

Editor’s note: This story was updated to add comment from DeFi Development Corp Head of Investor Relations Dan Kang.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Source: https://decrypt.co/339904/solana-treasuries-forward-industries-4-billion-raise

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
Share Insights

You May Also Like

Cloud mining is gaining popularity around the world. LgMining’s efficient cloud mining platform helps you easily deploy digital assets and lead a new wave of crypto wealth.

Cloud mining is gaining popularity around the world. LgMining’s efficient cloud mining platform helps you easily deploy digital assets and lead a new wave of crypto wealth.

The post Cloud mining is gaining popularity around the world. LgMining’s efficient cloud mining platform helps you easily deploy digital assets and lead a new wave of crypto wealth. appeared on BitcoinEthereumNews.com. SPONSORED POST* As the cryptocurrency market continues its recovery, Ethereum has once again become the center of attention for investors. Recently, the well-known crypto mining platform LgMining predicted that Ethereum may surpass its previous all-time high and surge past $5,000. In light of this rare market opportunity, choosing a high-efficiency, secure, and low-cost mining platform has become the top priority for many investors. With its cutting-edge hardware, intelligent technology, and low-cost renewable energy advantages, LgMining Cloud Mining is rapidly emerging as a leader in the cloud mining industry. Ethereum: The Driving Force of the Crypto Market Ethereum is not only the second-largest cryptocurrency by market capitalization but also the backbone of the blockchain smart contract ecosystem. From DeFi (Decentralized Finance) to NFTs (Non-Fungible Tokens) and the broader Web3.0 infrastructure, most innovations are built on Ethereum. This widespread utility gives Ethereum tremendous growth potential. With the upcoming scalability upgrades, the Ethereum network is expected to offer improved performance and transaction speed—likely triggering a fresh wave of market enthusiasm. According to the LgMining research team, Ethereum’s share among institutional and retail investors continues to grow. Combined with shifting monetary policies and global economic uncertainties, Ethereum is expected to break past its previous high of over $4,000 and aim for $5,000 or more in the coming months. LgMining Cloud Mining: Unlocking a Low-Barrier Path to Wealth Traditional crypto mining often requires expensive mining rigs, stable electricity, and complex maintenance—making it inaccessible for the average person. LgMining Cloud Mining breaks down these barriers, allowing anyone to easily participate in mining Ethereum and Bitcoin without owning hardware. LgMining builds its robust and efficient mining infrastructure around three core advantages: 1. High-End Equipment LgMining uses top-tier mining hardware with exceptional computing power and reliability. The platform’s ASIC and GPU miners are carefully selected and tested to…
Share
BitcoinEthereumNews2025/09/18 03:04
Share
Metaplanet Forms Bitcoin-Focused Subsidiaries in Japan and the U.S.

Metaplanet Forms Bitcoin-Focused Subsidiaries in Japan and the U.S.

The post Metaplanet Forms Bitcoin-Focused Subsidiaries in Japan and the U.S. appeared on BitcoinEthereumNews.com. Metaplanet (3350), the largest bitcoin BTC$116,183.54 treasury company in Japan, said it established two subsidiaries — one in Japan and one in the U.S. — and bought the bitcoin.jp domain name as it strengthens its commitment to the largest cryptocurrency. Bitcoin Japan Inc., will be based in Tokyo and manage a suite of bitcoin-linked media, conferences and online platforms, including the internet domain and Bitcoin Magazine Japan. The U.S. unit, Metaplanet Income Corp., will be based in Miami and focus on generating income from bitcoin-related financial products, including derivatives, the company said in a post on X. Metaplanet noted it launched a bitcoin income generation business in the last quarter of 2024 and aims to further scale these operations through the new subsidiary. Both the wholly owned subsidiaries are led in part by Metaplanet CEO Simon Gerovich. Earlier this month, the firm brought its bitcoin holdings to over 20,000 BTC. It’s currently the world’s sixth-largest bitcoin treasury company, with 20,136 BTC in its balance sheet, according to BitcoinTreasuries data. The leading firm, Strategy (MSTR), has 638,985 BTC. The subsidiaries are being established shortly after the company announced plans to raise a net 204.1 billion yen ($1.4 billion) in an international share sale to bolster its BTC holdings. Metaplanet stock dropped 1.16% on Wednesday. Source: https://www.coindesk.com/business/2025/09/17/metaplanet-sets-up-u-s-japan-subsidiaries-buys-bitcoin-jp-domain-name
Share
BitcoinEthereumNews2025/09/18 06:12
Share