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GSR leads a $100 million private sale for the US-listed company Upexi, supporting its Solana-based financial strategy.
PANews, April 21 - According to Decrypt, cryptocurrency trading and investment firm GSR announced today that it has made a $100 million private equity investment (PIPE) in Upexi, Inc. (NASDAQ: UPXI), a brand owner focused on the development, manufacturing, and distribution of consumer goods. This investment comes after Upexi announced a strategic shift towards a cryptocurrency-based financial strategy aimed at delivering long-term value and returns for shareholders. Upexi has committed to establishing a Solana financial strategy, including accumulating and staking Solana.