X @Arkham

Funding & Investment - Multicoin's DAT raised $680 million on-chain to purchase $SOL [1] - Forward Industries closed a $1.65 billion private placement in cash and stablecoin commitments [1] Key Players - Multicoin, Jump Crypto, and Galaxy Digital led the $1.65 billion placement [1] - Galaxy Digital received all funds to purchase $SOL [1] Strategic Implications - The $1.65 billion private placement aims to advance Solana's treasury strategy [1] - Two addresses belonging to Forward Industries transferred all $680 million to Galaxy Digital [1]