In this episode of HODLong, Mable Jiang interviews Kyle Samani, founder and managing partner at Multicoin Capital, and now chairman of Forward Industries. Kyle explains Forward Industries' new strategy as a Solana digital asset treasury company, detailing how they plan to increase the sole per share through DeFi, capital market arbitrage, and acquisitions of other digital asset treasury companies. He discusses the PIPE structure used for fundraising, future fundraising options like at-the-money offerings and perpetual preferred structures, and the potential for Solana's native yield. Kyle also shares his responsibilities as chairman, the roles of Galaxy Asset Management and Multicoin team, and the process for acquiring Solana. The conversation further explores on-chain opportunities, the possibility of tokenized collateral, operating validators, and Kyle's evolving outlook on Solana's native yield and digital asset treasuries. Finally, they discuss entertainment finance, prediction markets, past investment mistakes and successes, and Multicoin's exploration of new fields like quantum computing and AI.
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