Forward Industries, Inc. (NASDAQ: FWDI), a leading Solana treasury company, has announced the appointment of Michael Ashe, chief strategy officer at Galaxy Digital, to its board of directors, effective immediately. Ashe previously served as a board observer and brings extensive leadership experience in strategy, corporate development, and investment banking from Galaxy Digital, Oppenheimer & Co. Inc., and Citi.
Chairman Kyle Samani stated that Ashe's appointment reflects the board's confidence in his expertise as the company continues to expand its Solana treasury strategy. The move underscores Forward Industries' commitment to strengthening its position within the Solana ecosystem by leveraging Ashe's deep industry knowledge and network.
Forward Industries is a Solana-focused digital asset treasury company, with a strategy to buy, hold, stake, trade, invest in, and grow SOL and SOL-related digital assets, protocols, and businesses. The company's mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL, engaging with the network, providing tools to developers, and investing in Solana-related projects to increase shareholder value.
In September 2025, the company launched its digital asset treasury strategy through a private placement transaction, supported by industry-leading investors and operating partners including Galaxy Digital and Jump Crypto. The addition of Ashe to the board is expected to further enhance the company's strategic direction and execution capabilities.
For more information on Forward Industries and its Solana treasury strategy, visit forwardindustries.com. The full press release is available at https://ibn.fm/7NzLC.
