Multicoin Capital co-founder Kyle Samani announced on X that, in addition to Multicoin Capital's co-lead investment in Forward Industries, he personally invested $25 million. This follows news that Nasdaq-listed Forward Industries (NASDAQ: FORD) has secured $1.65 billion in cash and stablecoin commitments to launch its SOL-centric digital asset treasury strategy through a PIPE (Private Placement of Publicly Traded Companies) transaction. 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.