Nasdaq-listed Upexi shares up 630% after $100M raise, SOL treasury 🚀
Upexi, a Nasdaq-listed brand owner, has announced a $100 million raise with the majority allocated for developing a Solana (SOL) treasury strategy. This move led to Upexi shares soaring by 632% in a single day.
The raise involved participation from several prominent crypto venture capitalists including Arthur Hayes' family office, Delta Blockchain Fund, and Hivemind. Other companies adopting cryptocurrency treasury strategies, like Janover, are also embracing Solana over Bitcoin.
Solana, often dubbed as an 'Ethereum killer', is known for fast transaction speeds and has recently gained popularity due to decentralized apps and memecoins, reaping benefits from the latest bull market.
Source: cointelegraph.com ↗
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