From Yahoo Finance: 2025-04-21 11:09:00

Crypto trading firm GSR led a $100 million private placement into Upexi (UPXI), a consumer-goods company shifting to a digital asset-based treasury strategy. Upexi plans to use the funds to accumulate and stake solana (SOL) tokens, with a market cap of $3 million as of Friday. The investment, structured as a PIPE, aligns with Upexi’s move towards managing its balance sheet using Solana, a high-speed blockchain. Following the announcement, Upexi’s stock surged over 700%, from $2.30 to $19. GSR’s involvement highlights the merging of public markets and blockchain finance, emphasizing the demand for secure access to crypto assets.



Read more at Yahoo Finance: GSR Anchors $100M Investment in Upexi to Purchase SOL, Stock Rockets 700%