The Pomp Podcast Why $1.6 Billion Is Flowing Into Crypto RIGHT NOW | Mike Novogratz & Kyle Samani
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Sep 22, 2025 
Mike Novogratz, founder and CEO of Galaxy, and Kyle Samani, co-founder of Multicoin Capital, dive into their remarkable $1.65 billion fundraising effort. They share insights on why they’re bullish on Solana and the growth potential of altcoin treasuries. The conversation also touches on opportunistic mergers, creative tokenization strategies, and the impact of macroeconomic factors and regulation on crypto markets. With their extensive backgrounds, they explore how to attract traditional investors into this evolving digital space.
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Massive Bet On Solana's Future
- Forward Industries raised $1.65B to create the largest Solana treasury company and believes Solana is the most performant blockchain today.
- They expect markets and securities to migrate on-chain, eventually settling major asset classes on Solana.
Volume Creates Market Energy
- Volume in a public stock creates energy, attention, and price movement; it's central to a successful public treasury company.
- Mike Novogratz emphasizes bringing narrative and energy to drive trading volume and shareholder engagement.
Negotiate Creative Economics For Shareholders
- Use your scale and reputation to negotiate non‑cash economics that benefit shareholders.
- Kyle says Ford will leverage deals like SuperState equity to deliver shareholder value without spending cash.