Stock Surges 335% Solana Reserve Boost

Upexi Raises $100 Million to Establish Solana Treasury

• Upexi announced a $100 million funding round on Monday.
• Over $90 million is allocated for a Solana treasury reserve.
• Shares in Upexi surged by 335% following the announcement.
• The funding round was led by GSR with participation from Delta Blockchain Fund, Delphi Ventures, and Hivemind.
• The raise involved selling 44 million common-stock shares at $2.28 per share.

Upexi’s stock soared by 335% after announcing a $100 million funding round, primarily to establish a Solana treasury reserve. The company plans to use over $90 million of these funds for this purpose.