“Upexi Will Use The Capital to Build a Treasury Model Center on Solana Staking, with GSR Leading The Private Placement.”, – WRITE: www.coindesk.com
The Company, Whose Products Include Medicinal Mushroom Gummies and Pet-Grooming Tools, Said It Will Use The Capital to Acumulalate and Stake Solana (Sol) Tokens. The Tampa, Florida-Based Company Had A Market Cap of $ 3 Million on Friday.
The Investment, Structured As a Private Investment in Public Equity (Pipe), Comes As Upexi Shifts from Physical Product Manufacting to Managing Part of ITSCE BLANCE COPAIN For Low Fees and Fast Settlement, Account to A Press Release.
The Investment AnnounCement Sent Upexi’s Stock Soaring More 700%, from AROUND $ 2.30 to $ 19 at Time of Writing.
Upexi Stock Price. (TradingView)
GSR’s Involvement Points to A Growing Overlap Between Public Markets and Blockchain Finance.
“This Investment Highlights of the Growing Demand for Efficiency, Secure Access to High-Quality Crypto Assets in Public Markets” Brian Rudick, GSR’s HEAD OF RECEARCH, SAID IN AAID.
Solana Foundation President Lily Liu Sid the Deal Marked Another Step in Connecting Traditional Financial Firms With Decentralized Infrastructure.
The Move “Underscores GSR’s Confidentnce in Solana As A Leading High-Performance Blockchain,” The Finance Company SAID IN A RELEASE.
