Multicoin co-founder Kyle Samani announced his departure to explore a new direction in the tech space, while remaining 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 Chairman of Forward Industries (the largest SOL treasury company). As part of the redemption request planned to be submitted to the main Multicoin fund by March 31, 2026, the request will be made for a physical redemption in the form of FWDI stock and warrants, rather than US dollars, subject to Multicoin's subsequent decisions, legal and regulatory approvals, and independent consent from Forward.

Kyle stated that he has mixed feelings about saying goodbye, 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 space.

Kyle also mentioned that his goal is to increase his personal holdings of FWDI (and thus indirectly SOL), which is the core intent of this adjustment. He remains extremely bullish on SOL, extremely bullish on the crypto industry, and will continue to actively participate in it both as an individual and in his capacity as Chairman of Forward.

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 in the billions of dollars. Multicoin is one of Solana's most prominent early institutional investors, heavily investing in the seed/early stages and steadfastly holding during Solana's extreme drop of over 90% after the FTX collapse. Kyle is one of the crypto industry's most prolific writers, and the "three mega theses" proposed by him and the Multicoin team have influenced a generation of industry professionals' understanding of native crypto value.

In September 2025, Forward Industries underwent a complete shift to the crypto sector through a $1.65 billion PIPE (private investment in public equity) round, led by crypto giants such as Multicoin Capital, Jump Crypto, Galaxy Digital, and with a personal $25 million addition by Kyle Samani, who also assumed the role of Chairman. According to the latest report, the US-listed Solana treasury company Forward Industries held a total of 6,979,967.46 SOL as of January 15, 2026, far surpassing other competitors. Since establishing the Solana treasury, almost all SOL has been staked, and 133,450 SOL staking rewards have been obtained.