Upexi Stock Skyrockets 300% After Announcing Strategic Solana Reserves

Upexi Inc., a Nasdaq-listed tech company, has stunned the crypto and stock markets after securing a massive $100 million funding round to build a strategic reserve of Solana (SOL).

This bold move sent Upexi’s stock (ticker: UPXI) soaring by 302% in just one week, closing at $11 on Thursday, April 24.

The funding round was led by GSR, with participation from major crypto investors such as Delta Blockchain Fund, Delphi Ventures, and Hivemind. The capital was raised through the sale of 44 million common shares at $2.28 each.

According to Upexi’s official statement, $5.3 million of the funds will go toward debt repayment, while the remaining 90% will be used to purchase Solana (SOL)—a strong signal of long-term belief in the blockchain’s potential.

At the time of writing, SOL is trading at $147, down about 0.83% in the last 24 hours, but Upexi’s bold bet could shake things up.

Could this be the start of a new wave of corporate crypto reserves? All eyes are now on Solana.$SOL