Upexi, a supply chain management brand, recently ventured into the cryptocurrency sector with a $100 million raise, primarily for a Solana treasury strategy. Following the announcement, Upexi's shares surged by 632% from $2.30 to $16.79. Notable backers in the fundraising round included Arthur Hayes' family office, Delta Blockchain Fund, and Delphi Ventures. Upexi's move mirrors Strategy's early adoption of a cryptocurrency treasury, leading to significant stock price gains. Other companies like Metaplanet and Semler Scientific have also embraced Bitcoin treasuries. Janover, under new leadership from former Kraken executives, opted for a Solana treasury with a $10.5 million SOL acquisition. Solana's rise as an Ethereum competitor, driven by fast transaction speeds and diverse applications, has positioned it as a top performer in the current market. Read more AI-generated news on: https://app.chaingpt.org/news

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