[Forward Industries Launches $1.65 Billion Private Placement to Initiate Solana Treasury Strategy] BlockBeats News, September 8, according to a report by Businesswire, Forward Industries, Inc. (NASDAQ: FORD) announced today that it has raised $1.65 billion in cash and stablecoin subscription funds through a private investment in public equity (PIPE). The round was led by Galaxy Digital, Jump Crypto, and Multicoin Capital, aimed at launching a digital asset treasury strategy centered on Solana.