Kyle Samani, co-founder of Multicoin Capital, has been appointed Chairman of Solana treasury company Forward Industries. He is leading a $1.65 billion private placement with Galaxy Digital, Jump Crypto, and other institutions to build the world’s largest Solana treasury (DAT). Samani personally invested an additional $25 million, arguing that SOL—with its real yield (approx. 8.05% APY) and staking mechanism—is a superior DAT asset compared to BTC and ETH. As a long-term ally of Solana, Multic...

Kyle Samani, co-founder of Multicoin Capital, has been appointed Chairman of Solana treasury company Forward Industries. He is leading a $1.65 billion private placement with Galaxy Digital, Jump Crypto, and other institutions to build the world’s largest Solana treasury (DAT). Samani personally invested an additional $25 million, arguing that SOL—with its real yield (approx. 8.05% APY) and staking mechanism—is a superior DAT asset compared to BTC and ETH. As a long-term ally of Solana, Multic...