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Upexi shares skyrocket over 600% after revealing Solana treasury strategy – TON BOT

Upexi shares skyrocket over 600% after revealing Solana treasury strategy

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Upexi Inc.’s shares surged over 630% after announcing plans to build a Solana-based crypto treasury with newly raised funds. The $100 million PIPE investment was led by GSR and other firms. The move reflects a shift towards digital asset management for Upexi, known for consumer products. This institutional push into Solana highlights growing interest in high-performance blockchains. Solana’s speed and scalability make it attractive for long-term growth. Upexi’s strategy of accumulating and staking Solana aims to generate appreciation and yield. This trend of integrating Solana into corporate treasuries is gaining momentum, with Upexi and other companies joining in. Despite a decline in profits, Upexi’s pivot has sparked investor interest.

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