GSRInvestment

Upexi to Use Funds for Solana Staking Strategy
Upexi, a U.S.-based consumer goods company, just made a big move into crypto. The company received a $100 million investment led by crypto trading firm GSR to build a Solana (SOL)-based treasury model.
What Happened?
GSR led a $100M private investment in Upexi (UPXI).
Upexi plans to buy and stake Solana tokens with the capital.
This marks a major shift for Upexi—from selling pet tools and health products to investing in crypto assets.
The company’s stock skyrocketed over 700%, rising from $2.30 to $19.
🔍 Why This Matters
The investment is structured as a PIPE (Private Investment in Public Equity).
Upexi is changing its business focus to include crypto treasury management.
Solana, a fast and low-cost blockchain, is central to this new strategy.
What Experts Are Saying
Brian Rudick, GSR’s Head of Research, said:
“This shows how public companies want secure access to top crypto assets.”
Lily Liu, President of the Solana Foundation, added:
“It connects traditional finance to blockchain and shows trust in Solana’s strength.”
What’s Next for Upexi?
With this funding, Upexi plans to:
Grow its treasury using Solana staking.
Blend traditional finance with crypto tools.
Explore more blockchain-backed financial strategies.
#UpexiStock #SolanaStaking #GSRInvestment #CryptoFinance #UPXIRally

reference : Francisco Rodrigues
Francisco is a reporter for Coin Desk updates