Solana’s Big Treasury Company with Kyle Samani
Galaxy Brains About this episode
In this episode of Galaxy Brains, Alex Thorn welcomes Kyle Samani, co-founder and managing partner of Multicoin Capital and newly appointed chairman of Forward Industries. They discuss Forward’s $1.65 billion PIPE transaction co-sponsored by Multicoin, Galaxy, and Jump, which positions the company as the world’s largest Solana-based digital asset treasury. Kyle shares why Solana’s design enables productive treasury strategies, how Forward plans to scale responsibly within the network, and why he believes Solana’s long-term vision positions it to rival legacy exchanges. They also explore the future of digital asset treasuries, the role of M&A, and the ongoing debate between high-performance L1s and Ethereum’s modular L2 approach. Plus, Beimnet Abebe (Galaxy Trading) joins to break down BTC, ETH, and SOL market dynamics, including credibility, macro forces, and policy risks. This episode was recorded on Wednesday, September 17, 2025. Disclaimer: https://www.galaxy.com/galaxy-brains-episode-180-disclaimer ++ Follow us on Twitter, @glxyresearch, and read our research at www.galaxy.com/research/ to learn more! This podcast, and the information contained herein, has been provided to you by Galaxy Digital Holdings LP and its affiliates (“Galaxy Digital”) solely for informational purposes. View the full disclaimer at www.galaxy.com/disclaimer-galaxy-brains-podcast/ Disclaimer: https://www.galaxy.com/galaxy-brains-episode-180-disclaimer
Listen to this episode in English to learn English
Podcast episodes are one of the highest-density ways to absorb English at native pace. Solana’s Big Treasury Company with Kyle Samani from Galaxy Brains gives you natural dialogue, unscripted speech, and vocabulary that actually appears in real conversations.
In the Clue app, every word in the transcript is tappable. Tap an unknown word, see the translation in your language instantly, and keep listening without breaking flow.