{"content":"$4B Equity Offering 🚀 – Forward Industries Steps In to Back SOL Treasury Before a widely predicted Fed rate decrease, Solana's upswing cools. Forward Industries files a $4 billion at-the-market stock offering prospectus with the SEC for corporate and Solana treasury purposes. Forward Industries raised $1.65 billion for Solana. As investors await the US Federal Reserve (Fed) interest rate announcement on Wednesday, Solana (SOL) falls toward $230 short-term support. A positive verdict supporting a 25-basis-point drop would strengthen SOL's short-term bullish thesis, raising the odds of a reversal targeting $250 barrier and its January 19 record high of $296. Leading Solana treasury business Forward Industries (FORD), listed on NASDAQ, has filed an at-the-market (ATM) share offering with the SEC for up to $4 billion. According to its Solana treasury strategy, Forward Industries would invest ATM program profits in company objectives and working capital. Forward Industries' Board Chairman Kyle Samani said the business will have a "flexible and efficient mechanism to raise and methodically deploy capital in support of our Solana treasury strategy." The ATM scheme follows Forward Industries' $1.65 billion Solana-focused digital asset fundraising days earlier. Samani stated that the firm has bought 6.8 million SOL and expects the ATM program to help it expand. Some 10 publicly traded firms have Solana treasuries, including Forward Industries, DeFi Development Corp, Upexi Inc., Sharps Technology, Sol Strategies, and Exodus Movement. Pantera Capital CEO Dan Morehead disclosed a $1.1 billion Solana exposure this week. Solana remains above $230 support, and bulls expect a quick rebound over $250. The coin also rests above major moving averages including the 50-day Exponential Moving Average (EMA) at $203, the 100-day at $188, and the 200-day at $177, reinforcing the bullish outlook. Solana may rally toward its record high of $296 in a favorable macro environment, beginning with a Fed rate decrease. #solana #AltcoinSeasonComing? #Write2Earn $SOL ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025092025/09/17/7848f4c10be542819e794628f2a047bf.png"],"tags":[],"tradingPairs":["SOL/USDT"],"quotearticleid":0}