Forward Industries – a name that is attracting strong attention in the cryptocurrency community – has just officially filed documents with the US Securities and Exchange Commission (SEC) to launch a program to sell shares to the market (ATM) with a maximum total value of up to 4 billion USD . This move is not only a bold step but also shows Forward's great ambition in expanding its influence on the Solana (SOL) ecosystem.
The Capital raised will be used for a variety of strategic purposes: strengthening the Solana treasury, supplementing working Capital , investing in other productive assets, and supporting long-term development plans. This is a similar approach to how MicroStrategy founder Michael Saylor has maintained a Bitcoin holding strategy for many years.
It is worth noting that just a few days ago, on September 15, Forward spent more than 1.58 billion USD to buy 6.82 million SOL , then Stake it directly on the Solana network. This deal has become one of the important driving forces that caused the price of SOL to increase by nearly 18% in the past week , attracting the attention of global investors.
Analysts believe that Forward’s strategy could open a new chapter for Solana, as Stake large amounts of SOL not only strengthens the network but also contributes to reducing the circulating supply, thereby creating natural upward pressure on prices. Many retail investors have begun to refer to Forward as the “MicroStrategy of Solana,” as the organization appears to be positioning SOL as a long-term strategic asset.
