On September 12, Multicoin Capital co-founder Kylesamani posted an article on X stating that in addition to Multicoin Capital's co-led investment in Forward Industries, he also personally invested 25 million US dollars. Earlier, Nasdaq-listed company Forward Industries officially announced that it has received a total of 1.65 billion US dollars in cash and stablecoin commitments and will launch a digital asset treasury strategy centered on SOL through a PIPE transaction. The financing was led by Galaxy Digital, Jump Crypto, and Multicoin Capital, with C/M Capital Partners, one of the company's current largest shareholders.