Upexi Inc. Shares Surge Over 630% After Solana Treasury Announcement
- Upexi Inc.’s stock rose from $2.30 to $16.79 between April 17 and April 21.
- The company announced a $100 million private investment in public equity (PIPE).
- Over 90% of the funds will be used for accumulating and staking Solana (SOL).
- The investment was led by GSR, with participation from several other capital firms.
- Approximately 44 million shares were sold at $2.28 each to complete the raise.
Upexi Inc.’s strategic shift towards a Solana-based crypto treasury led to a dramatic stock price increase, reflecting strong market interest in integrating digital assets into corporate strategies.
Source (2.6.1)https://cryptoslate.com/upexi-shares-skyrocket-over-600-after-revealing-solana-treasury-strategy/?rand=24433
