🔵Consumer goods manufacturer Upexi surprised the market by raising $100 million in a private round led by market maker GSR and announcing the acquisition of Solana as a reserve asset. Following the news, the company’s stock soared over 580%, with peak gains reaching 746%. Upexi’s management also revealed plans to stake the acquired tokens, emphasizing a long-term commitment.
🔵Experts see this as a sign of a new corporate trend. As Brian Rudick from GSR noted, Solana stands out for its scalability and active ecosystem. A similar strategy was previously adopted by Janover. In light of these developments, analysts suggest that crypto reserves could soon become standard practice among major corporations.