Multicoin Capital has reported zero beneficial ownership of Forward Industries shares less than 8 months after leading its formation.
- Multicoin Capital has exited its stake in Forward Industries, a major Solana treasury company it helped launch, less than eight months after its formation.
- Despite Multicoin's exit, Forward Industries continues to accumulate SOL and explore new yield sources, even after reporting a significant quarterly loss.
- The move highlights potential strategic differences between Multicoin and its co-founder Kyle Samani, who still retains exposure to Forward Industries through a separate entity.
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