Forward Industries is continuing to bet big on Solana. The Nasdaq-listed company said on Wednesday that it will raise up to $4 billion through an at-the-market equity program, with proceeds aimed at expanding its SOL holdings.

The program, arranged with Cantor Fitzgerald, allows Forward to sell shares directly into the market over time instead of in a single issuance. The company said the flexible structure will support its Solana-focused treasury strategy, which has already included the purchase of more than 6.8 million SOL this year.

Chairman Kyle Samani described the program as a way to keep building the company’s Solana position while giving it room to fund other growth…

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