🚀 FORD Stock Soars 36% on Solana Treasury Bet

🏛 Big moves on Wall Street meet big bets in crypto. Earlier this week, Forward Industries (Nasdaq: FORD) raised $1.65B in a private placement to build a treasury position in Solana (SOL).

🔹 Backed by Galaxy Digital (Mike Novogratz’s firm), Forward has already purchased over 2.1M SOL (~$486M).

🔹 Novogratz called Solana “a special treasury asset,” highlighting its ability to handle 14B transactions per second — more than equities, bonds, commodities & FX combined.

🔹 Following the announcement, FORD stock jumped 36% on Thursday, extending its weekly rally to 135%.

🔥 The “Solana Treasury” narrative is catching fire — another player, SOL Strategies (Nasdaq: STKE), also made its debut this week.

🟠 This could mark the beginning of a new trend: publicly traded firms treating crypto assets like Solana as strategic treasury holdings, much like Bitcoin was embraced in 2020.

#Crypto #Solana #Treasury #Ford #DigitalAssets

https://coingape.com/ford-stock-jumps-36-on-solana-treasury-plan-as-sol-rally-dominates-crypto-market/?utm_source=coingape&utm_medium=linkedin