TL;DR
- Forward Industries has formed a 25-member advisory board of experts in Solana, DeFi, blockchain, and traditional finance to guide its corporate treasury strategy.
- The company acquired 6.8 million SOL for $1.6 billion and launched a $4 billion at-the-market equity offering.
- The advisory board and executive team, led by Kyle Samani, bring expertise in digital assets and capital markets.
Forward Industries established a crypto advisory board to steer its Solana-focused treasury strategy, aiming to strengthen its position in the crypto market.
The Nasdaq-listed company appointed 25 experts from Solana, DeFi, blockchain, and traditional finance to provide strategic guidance and oversight as it advances its corporate treasury management and broader blockchain initiatives.
Notable members include Amir Haleem (Helium), Armani Ferrante (Backpack), Cindy Leow (Drift Labs), Robert Leshner (Superstate), Tarun Chitra (Gauntlet), and Galaxy Digital executives Harry Austin and Michael Marcantonio. The board was designed to bring the necessary expertise to maximize SOL value per share and enhance the company’s market position.
The advisory board will play a key role in overseeing Forward Industries’ strategy, helping leverage the advantages of the Solana ecosystem and providing guidance on accumulating cryptocurrencies and other digital assets.
Forward Industries: The Largest Individual Holder of Solana (SOL)
Forward Industries has already acquired 6.8 million SOL for approximately $1.6 billion and launched a $4 billion at-the-market equity offering to fund additional purchases, positioning itself as the largest individual holder of SOL among public companies. The initiative is backed by the Solana Foundation and institutional partners including Galaxy Digital, Jump Crypto, and Multicoin Capital.
The corporate Solana ecosystem has grown rapidly: public companies now hold roughly 15.9 million SOL, up from near zero at the start of 2025, demonstrating the exponential adoption of the cryptocurrency in corporate treasuries.
Forward Industries advances under the leadership of Chairman Kyle Samani, supported by a board of directors with extensive experience in financial management, digital assets, and capital markets. This approach ensures a high standard of strategic discipline and ample capacity to execute the company’s next phase of growth
