Multicoin Capital Boosts Forward Industries Inc Stake by 79.18% with Strategic Acquisition.

Multicoin Capital Management acquired 13.7 million shares of Forward Industries Inc, a 79.18% increase in its portfolio allocation, for $34.48 per share. The acquisition reflects the firm's strategic approach to diversifying its investment portfolio. Forward Industries Inc has a market capitalization of $2.72 billion and operates in the manufacturing industry, but has experienced a -9.80% revenue growth over the past three years.

Austin, TX — On September 11, 2025, Multicoin Capital Management, LLC (Trades, Portfolio) executed a strategic acquisition by purchasing 13,757,991 shares of Forward Industries Inc (FORD, Financial) at $34.48 per share. This move represents a 79.18% increase in the firm's portfolio allocation, positioning Multicoin Capital Management as a notable stakeholder in Forward Industries Inc.

Multicoin Capital Management, LLC, located at 501 West Ave., Austin, TX, is known for its focused investment philosophy. The firm manages an equity portfolio valued at $125 million, with top holdings including Grayscale Bitcoin Trust (GBTC, Financial) and Common units of fractional undivided beneficial interest (BTC, Financial). This acquisition of Forward Industries Inc shares aligns with the firm's strategic approach to diversifying its investment portfolio Multicoin Capital Management, LLC's Strategic Acquisition of Forward Industries Inc Shares^[1].

The recent acquisition by Multicoin Capital Management represents 15.70% of the firm's holdings in Forward Industries Inc. Post-transaction, the firm holds a total of 13,757,991 shares in Forward Industries Inc, indicating a strong confidence in the company's potential. Forward Industries Inc, based in the USA, has been operational since its IPO on March 7, 1995, and specializes in providing carrying and protective solutions for electronic devices Multicoin Capital Management, LLC's Strategic Acquisition of Forward Industries Inc Shares^[1].

Forward Industries Inc has a market capitalization of $2.72 billion and currently trades at $31.64 per share. Despite a year-to-date price change of 531.54%, the company's PE ratio indicates a loss, standing at 0.00. The GF Value suggests the stock is significantly overvalued, with a GF Value of $5.42, and the GF Score is 50/100, indicating poor future performance potential Multicoin Capital Management, LLC's Strategic Acquisition of Forward Industries Inc Shares^[1].

The company's financial health is reflected in its Balance Sheet Rank of 6/10 and Profitability Rank of 3/10. The Growth Rank is 2/10, with a negative ROE of -134.66 and ROA of -28.49, highlighting the challenges the company faces in achieving sustainable growth and profitability Multicoin Capital Management, LLC's Strategic Acquisition of Forward Industries Inc Shares^[1].

Operating within the Manufacturing - Apparel & Accessories industry, Forward Industries Inc has experienced a -8.24% price change since the transaction. The company's revenue growth over the past three years has been -9.80%, indicating a need for strategic improvements Multicoin Capital Management, LLC's Strategic Acquisition of Forward Industries Inc Shares^[1].

This acquisition by Multicoin Capital Management, LLC (Trades, Portfolio) is a strategic move that significantly impacts both the firm's portfolio and Forward Industries Inc's shareholder structure. By holding 15.70% of the company's shares, Multicoin Capital Management positions itself as a key player in Forward Industries Inc's future trajectory. The transaction underscores the firm's confidence in the potential of Forward Industries Inc, despite the current financial challenges and market volatility Multicoin Capital Management, LLC's Strategic Acquisition of Forward Industries Inc Shares^[1].