#CryptoNews 🚨 Big Moves on
$SOL DeFi protocol Drift has announced a partnership with Forward Industries (NASDAQ: FORD), tying into a $1.65B PIPE raise led by Multicoin, Galaxy Digital, and Jump Crypto.
🔑 What’s happening:
– Forward Industries is pivoting into a Solana-focused treasury company.
– They’ll be using the raise to buy SOL + Solana assets — aiming to increase “SOL per share,” similar to what MicroStrategy ($MSTR) did with Bitcoin.
– Drift will play a strategic role in putting that capital to work through DeFi yield + trading strategies.
🌊 Why it matters:
– Institutional Validation: A NASDAQ-listed company making SOL its treasury asset.
– TradFi x DeFi: Shows how traditional capital is starting to leverage Solana DeFi at scale.
– Solana’s MicroStrategy Moment: This could attract a fresh wave of institutional attention — and billions in capital.
👀 Drift isn’t just building — it’s helping shape how big money enters Solana.
#SummerOfSolana? #MarketRebound #DRIFT