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GSR Commits $100M to Upexi for SOL Acquisition, Triggering 700% Stock Surge
GSR Commits $100M to Upexi for SOL Acquisition, Triggering 700% Stock Surge
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GSR’s $100 million investment in Upexi to purchase Solana (SOL) has propelled Upexi’s stock price to soar by 700%, marking a significant market reaction to the strategic crypto allocation.
GSR’s involvement points to a growing overlap between public markets and blockchain finance.
“This investment highlights the growing demand for efficient, secure access to high-quality crypto assets in public markets” Brian Rudick, GSR’s head of research, said in a statement.
Solana Foundation president Lily Liu said the deal marked another step in connecting traditional financial firms with decentralized infrastructure.
The move “underscores GSR’s confidence in Solana as a leading high-performance blockchain,” the finance company said in a release.
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