GSR Leads the Investment of $100 Million Private Placement in U.S. Public Company Upexi

On April 21, it was announced that cryptocurrency trading and investment firm GSR has made a $100 million private equity investment (PIPE) in Upexi, Inc. (NASDAQ: UPXI), a brand owner focused on consumer product development, manufacturing, and distribution. This investment follows Upexi's announcement of a strategic shift towards a cryptocurrency-based treasury strategy, aimed at achieving long-term value creation and returns for shareholders. Upexi has committed to establishing a Solana treasury strategy, including accumulating and staking Solana.