A Nasdaq-listed company just stunned investors when its stock skyrocketed 335% in just 24 hours. What caused such a strong market reaction? The answer lies in Solana (SOL) – a blockchain that is gradually becoming the top choice for businesses wanting to access digital assets.



Upexi 'enters' crypto: Investing $100 million into Solana’s reserve fund


Last Monday, consumer company Upexi, listed on the #NASDAQ exchange, announced a successful capital raise of $100 million. Of this, about 95% of the funds (over $90 million) will be used to establish a corporate treasury reserve in Solana – a rare move that is increasingly attracting the attention of many companies.


This information quickly sparked an investment wave, causing Upexi's stock price to soar from $2.28 to $9.89, equivalent to +335% in just one day. At one point, the stock even peaked at $22, the highest in over a year.



Who has invested in Upexi?


This is not an incidental deal. Many major crypto investment funds have participated in this funding round, including:



  • GSR – the leading entity in the funding round



  • Delta Blockchain Fund



  • Delphi Ventures



  • Hivemind



  • Along with some other angel investors




The entire $100 million capital raised was through the issuance of 44 million common shares at $2.28 each.



The trend of companies hoarding digital assets is on the rise


#Upexi is not the only company pursuing this strategy. Previously:



  • Janover, a real estate financial platform, has purchased an additional $10.5 million in SOL to expand its corporate Solana fund.



  • Strategy (led by Michael Saylor) just announced the purchase of an additional 6,500 BTC worth $556 million, bringing its total BTC holdings to over $47 billion.



  • Metaplanet (Japan), previously active in the hospitality sector, has also recently shifted to become a Bitcoin hoarding company, and just purchased an additional 330 BTC worth $28 million.




This is a clear sign that: the trend of companies holding crypto as a strategic asset is no longer a temporary fad – but a long-term development trend.



Why did Upexi choose Solana instead of Bitcoin or Ethereum?


$SOL is highly regarded for:



  • Extremely fast transaction speed



  • Low transaction fees



  • A strong developing ecosystem, attracting many DeFi, NFT, and dApp applications



  • An active developer community, continuously improving security and scalability




As of the time of writing, the price of SOL is at $136, slightly down 0.4% for the day – but in the long term, this asset is still highly regarded by many institutions for its growth potential.



What will Upexi do with the remaining $5.3 million?


Although most of the funds will be allocated to the Solana fund, Upexi still reserves about $5.3 million for working capital and debt repayment. This is a reasonable strategy to balance long-term development and short-term financial management.


According to the official announcement, the stock issuance and completion of the fundraising will be finalized on April 24, after meeting the necessary legal conditions.



Impact on the crypto market and Binance users


The fact that a public company like Upexi is heavily investing in Solana not only helps SOL assert its position in the eyes of the traditional financial world, but also:



  • Stimulating institutional cash flow into Layer 1 blockchains, creating momentum for the entire market



  • Setting a precedent for many other companies on Nasdaq or NYSE to follow, increasing the demand for holding crypto



  • Indirectly promoting the development of derivatives, staking products, and SOL trading on platforms like Binance




For Binance users, the fact that many companies are choosing SOL as a reserve asset could be a good signal to consider SOL's role in the medium to long-term investment portfolio.



⚠️ Risk warning:


The fact that public companies are entering the crypto market is a positive signal, but the market still harbors many risks. The prices of digital assets can fluctuate significantly due to legal factors, technical issues, or news from the traditional financial market. Users should research carefully, avoid FOMO, and only invest money they can afford to lose. Crypto is not suitable for everyone.