Forward Industries, Inc. (NASDAQ: FWDI), a leading Solana treasury company, 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 expressed confidence in Ashe's expertise, stating that the appointment reflects the board's belief in his ability to contribute as the company continues to expand its Solana treasury strategy. The move is expected to strengthen Forward Industries' position in the digital asset space, particularly in the Solana ecosystem.
Forward Industries launched its digital asset treasury strategy in September 2025 following a private placement transaction supported by industry leaders including Galaxy Digital and Jump Crypto. The company's mission is to expand and strengthen the Solana ecosystem by acquiring and staking SOL, engaging with the Solana network, and investing in Solana developers and related projects to increase shareholder value.
Ashe's appointment is seen as a strategic step to leverage his expertise in corporate development and investment banking to guide Forward Industries through its next phase of growth. His background includes key roles at Galaxy Digital, where he serves as chief strategy officer, overseeing strategic initiatives and partnerships. Prior to that, he worked at Oppenheimer & Co. Inc. and Citi, gaining experience in investment banking and corporate strategy.
The addition of Ashe to the board underscores Forward Industries' commitment to building a strong leadership team as it pursues its Solana-focused treasury strategy. The company aims to buy, hold, stake, trade, invest in, and grow SOL and related digital assets, protocols, and businesses.
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.
