A $100 million investment that could increase Solana purchases (SOL).

The cryptocurrency trading and investment company GSR announced that it has made a $100 million investment in a public company called Upexi, which develops consumer products.

This investment comes after Upexi's plan to transition to a new cryptocurrency-based asset management model. The company has committed to establishing a long-term Solana treasury that includes Solana accumulation and staking activities.

GSR Research President Brian Rudick stated, "This investment shows that there is an increasing demand for secure access to quality crypto assets among the public. Solana's speed, scalability, and dynamic developer community provide an excellent foundation for long-term growth."

GSR President Jakob Palmstierna stated, "We are proud to support a bold strategy centered around Solana. This move not only includes financial support; it also encompasses expertise, liquidity, and long-term collaboration. Our investment is one of the most significant steps we take to unlock the full potential of digital assets."

Lily Liu, President of the Solana Foundation, expressed her support for the process by stating, "It is exciting to see these kinds of moves that show the intersection of traditional finance and the DeFi world. The collaboration between GSR and Upexi reflects Solana's strength in real-world applications."

Published: April 21, 2025 17:07