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Over $2 billion in a single day! Public companies' cryptocurrency strategies enter the "multi-chain era."

CN
BBX
8 days ago

When Forward Industries secured a massive $1.65 billion private placement for the Solana ecosystem, and Eightco Holdings prepared a $270 million special treasury for Worldcoin, the total amount disclosed by global listed companies for crypto asset-related financing and investment plans yesterday exceeded $2 billion, marking the formal transition of institutional allocation from a "Bitcoin standard" to a new era of "multi-chain strategy" focused on public chains and emerging protocols.

1. Solana Peak: $1.65 Billion Private Placement and Endorsement from Top VCs

Forward Industries (FORD) has rewritten history with its epic financing:

  • Largest Scale: Announced a $1.65 billion cash and stablecoin private placement, led by three top institutions: Galaxy Digital, Jump Crypto, and Multicoin Capital, specifically for launching the Solana digital asset treasury strategy.

  • Strategic Upgrade: This is the largest treasury financing for a single public chain (Solana) to date, marking a new phase where institutional capital moves from general "allocation" to "strategic bets" targeting specific ecosystems.

  • Governance and Talent: Multicoin Managing Partner Kyle Samani will serve as the chairman of the board after the financing is completed, indicating that this treasury strategy will receive direct guidance from top-tier thinking, far exceeding mere financial investment.

2. Worldcoin Breakthrough: $270 Million and Corporate Identity Binding

Eightco Holdings (OCTO) has pioneered a special strategy:

  • Raised approximately $270 million through private placement to build the Worldcoin (WLD) treasury strategy.

  • Identity Binding: The company plans to change its trading code to "ORBS" (an important concept within the Worldcoin ecosystem), making it the first publicly listed company globally to be deeply bound to the Worldcoin ecosystem, even renaming itself to reflect its strategy.

  • Far-reaching Significance: This move not only reflects optimism for WLD assets but also serves as a capital vote for the social experiment of "proof of personhood" and "UBI (Universal Basic Income)," pushing crypto investment into the forefront of technological and cultural fields.

3. Core Assets Stabilized: Continued Penetration of BTC and ETH

As emerging ecosystems surge forward, the foundation of core assets remains solid:

ETH's Strategic Application Exploration:

  • Yunfeng Financial (00376.HK): Has purchased 10,000 ETH (approximately $44 million) and has clearly stated its intention to explore applications in RWA (Real World Assets) and insurance, planning to expand to BTC, SOL, etc., demonstrating traditional finance's integration of crypto assets into core business.

Spread of BTC Treasury Model:

  • Rectitude Holdings: Signed a $32.6 million standby equity purchase agreement with Constantinople Limited to initiate a Bitcoin treasury strategy, indicating that the "financing-purchasing" model is being adopted by more companies in different regions.

4. Trend Insights: From Asset Allocation to Ecosystem Betting

Behind the $2 billion single-day scale is a profound evolution of institutional logic:

  1. From Allocation to Bet: Institutions are no longer satisfied with simply allocating assets but are making long-term, deep bets on specific ecosystems through massive financing and strategic binding.

  2. Talent-Capital Fusion: Kyle Samani's entry into the Forward Industries board means that top industry thinking and large-scale capital are achieving deep integration at the public company level, making strategies more professional and aggressive.

  3. Narrative Expansion: Investment targets are expanding from financial assets (BTC/ETH) to social protocols (Worldcoin), indicating that institutions are willing to pay for grander social visions and narratives.

Data shows that the special institutional financing for non-BTC/ETH ecosystems surged by 500% quarter-on-quarter in Q3.

From Forward Industries' $1.65 billion Solana special fund to Eightco Holdings renaming to "ORBS" and going all in on Worldcoin, the definition of $2 billion has changed: it is no longer just money for purchasing assets but a ticket to secure future ecosystem positions. Institutional investors are participating in unprecedented ways, deeply engaging and attempting to shape the next decade of the crypto world.

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