Odaily Planet Daily News: Kyle Samani, co-founder of Multicoin Capital, posted on X that in addition to Multicoin Capital's joint lead investment in Forward Industries, he also personally invested $25 million.

Earlier news broke that Nasdaq-listed Forward Industries (NASDAQ: FORD) has officially announced it has secured $1.65 billion in cash and stablecoin commitments to launch its SOL-centric digital asset treasury strategy through a PIPE (Private Equity Offering). The funding round was led by Galaxy Digital (NASDAQ: GLXY), Jump Crypto, and Multicoin Capital, with participation from C/M Capital Partners, one of the company's largest existing shareholders.