Nasdaq-listed Forward Industries (ticker FORD) has established a crypto advisory board of 25 members drawn from the Solana, DeFi, and traditional-finance sectors to help steer its Solana-centric corporate treasury.
The group includes Helium founder Amir Haleem, Backpack CEO Armani Ferrante, Drift Labs co-founder Cindy Leow, Superstate CEO Robert Leshner, and Gauntlet founder Tarun Chitra. Galaxy Digital executives Harry Austin and Michael Marcantonio also joined.
“Establishing a dedicated Crypto Advisory Board is an important milestone as Forward executes on its strategy to bring the value of the Solana ecosystem to investors,” said Chairman Kyle Samani. “The caliber of leaders joining reflects growing conviction in Solana within global capital markets.”
The move comes just weeks after Forward spent about $1.6 billion acquiring 6.8 million SOL and filed a $4 billion at-the-market equity offering to fund additional accumulation.
The Solana Foundation has played a key role in fueling this wave of Solana-based digital-asset treasuries, backing several listed firms with discounted SOL allocations, including Sharps Technology, Solana Company, and DeFi Development Corp. Forward’s program, according to Bloomberg, was also endorsed by the foundation alongside its partners Galaxy Digital, Jump Crypto, and Multicoin Capital.
Data from The Block’s corporate treasury dashboard shows public companies now hold roughly 15.9 million SOL, up from near zero at the start of 2025, with Forward representing the single largest holder.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Trade Crypto On Coinhub Exchange
Trade Crypto On Coinhub Exchange
Stay ahead of the market by turning news insights into trading opportunities. With Coinhub Exchange, you can seamlessly buy, sell, and manage your digital assets, all in one secure platform. Take advantage of real-time market insights, deep liquidity, and fast execution for your favorite cryptocurrencies. Don’t just read about it — trade crypto now!
Disclaimer
The content of this article shown by Coinhub News, powered by The Block, is for informational purposes only and should not be construed as financial, legal, tax, or investment advice. Coinhub News and its affiliates are not a licensed financial advisor, legal advisor, broker, or tax advisor, and ... should not be considered as professional advice or a recommendation to engage in any specific investment, legal decision, or financial transaction. Cryptocurrency markets are highly speculative and volatile. Readers should perform their own independent research and consult with a qualified professional before making any financial or legal decisions. The opinions expressed in this article are those of the author and do not necessarily represent the views or opinions of the Company of its affiliates. Additionally, the Company does not make any representations or warranties regarding the accuracy, timeliness, reliability, or completeness of any information in this article. By accessing this content, you acknowledge that any reliance on the information contained in this article is solely at your own risk. The Company is not responsible for any financial losses, legal disputes, or other damages that may arise from reliance on this content or from any investment or legal decisions based on the information provided. Investing in cryptocurrencies involves substantial risks, including the risk of losing your entire investment, and you should carefully consider whether it is appropriate for your circumstances.
Read more
