Upexi Stock Jumps 520% After $100M Crypto Deal With GSR

21 Apr Crypto News

Upexi Inc. saw its stock rise more than 520% on Monday after crypto trading firm GSR announced a $100 million private investment in the company.

The investment was made through a private investment in public equity (PIPE), according to a press release issued by GSR. The funding will help Upexi shift to a new strategy that uses cryptocurrency, specifically Solana, as a core part of its financial plans.

Upexi said it plans to buy and stake Solana (SOL), as a way to build long-term value for its shareholders. The company, known for owning and managing consumer product brands, is one of the first public companies to use Solana in its treasury. Following the announcement, Upexi’s stock jumped to $14.08.

Upxi Stock Chart — UPXI Stock Chart | Source:

Source link

Upexi Stock Jumps 520% After $100M Crypto Deal With GSR