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Multicoin co-founder Kyle Samani announced his departure to explore a new direction in the technology space, remaining as Chairman of the largest SOL treasury company
BlockBeats News, February 5th, Multicoin Capital co-founder Kyle Samani announced on social media that he has decided to step down from Multicoin Capital and will continue to serve as the Chairman of Forward Industries (the largest SOL treasury company). As part of a redemption request planned to be submitted to the Multicoin main fund by March 31, 2026, the redemption will be requested in the form of FWDI stock and warrants, rather than U.S. dollars, depending on Multicoin's subsequent decisions, legal and compliance approvals, and independent consent from Forward Industries.
Kyle expressed mixed feelings as the time to say goodbye approached, as his time at Multicoin has been one of the most meaningful and rewarding experiences of his life. Nevertheless, he looks forward to taking a temporary break and exploring new directions in the tech field.
Kyle Samani is one of the most influential investors in the cryptocurrency space. Since its founding in 2017, Multicoin has become one of the most successful crypto-focused funds, managing assets worth billions of dollars. Multicoin is one of the most prominent early institutional investors in Solana, heavily investing in the seed/early stages and steadfastly holding during Solana's over 90% crash after the FTX collapse. Kyle is known as one of the crypto industry's avid long-form writers, and the "three mega theses" proposed by him and the Multicoin team have influenced a generation of practitioners in their understanding of the native value of crypto.
In September 2025, Forward Industries made a complete pivot to the crypto space through a $1.65 billion PIPE (Private Investment in Public Equity) round, led by crypto giants such as Multicoin Capital, Jump Crypto, and Galaxy Digital, with Kyle Samani personally adding $25 million and serving as Chairman. According to the latest reports, the U.S.-listed Solana treasury company Forward Industries held a total of 6,979,967.46 SOL as of January 15, 2026, far surpassing its competitors. Since establishing the Solana treasury, almost all SOL has been staked, and they have received 133,450 SOL staking rewards.
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