TL;DR
- Kyle Samani leaves the daily management of Multicoin Capital but keeps a strongly optimistic view on Solana and the digital asset sector.
- The investor plans to convert his fund stake into Forward Industries shares to increase exposure to SOL.
- The firm states that the transition will not affect operations or investment strategy.
Multicoin Capital confirmed that co-founder Kyle Samani will move to an advisory role after almost nine years leading the company, and the executive reiterated that he remains clearly positive on Solana and the future of the market. The firm manages around $6 billion in assets and has been one of the earliest institutional supporters of the Solana ecosystem since its initial stages.
The company informed partners that the change will be orderly and that the current team will continue with the same lines of work. Multicoin gained recognition for identifying infrastructure projects before traditional capital paid attention to the sector. The first SOL purchases were made at prices below one dollar, turning that position into one of the most profitable investments in the industry.
Samani explained that his decision responds to an interest in exploring new technology areas and dedicating more time to personal initiatives. Even so, he stressed that he maintains a long-term stance in SOL and in digital assets in general. The executive does not plan to step away from the ecosystem and will remain linked to Forward Industries as chairman of the board.
Market Conditions And Solana Resilience
The move happens during a period of volatility for Bitcoin and most major tokens. Investor sentiment cooled in recent weeks and several indicators showed fear levels not seen since 2024. Despite that scenario, Solana preserved activity in payment applications, prediction markets, and infrastructure platforms, areas that Multicoin considers central for the next cycle.
Industry analysts point out that the network processed millions of daily transactions even on days of price corrections. Developer interest stayed stable and the release of new scalability tools continued without pauses. For specialized funds, this type of real usage is more relevant than short-term price movements.
Increasing Personal Exposure To Solana
As part of his departure, Samani will request to receive Forward Industries shares and warrants instead of US dollars. The company holds close to seven million SOL in its treasury and has become a relevant vehicle for institutional investors seeking regulated exposure. The co-founder’s plan implies raising his direct economic participation in that holding.
Multicoin participated with Galaxy Digital and Jump Crypto in a private round of $1.65 billion to support the growth of Forward Industries. The company model combines SOL purchases with yield strategies and professional custody, an approach that Samani considers suitable for the next stage of the market.
