GSR has conducted a $100 million equity private placement investment in the publicly traded company Upexi, Inc., which has committed to developing a Solana financial strategy.

BlockBeats News, April 21st, according to official sources, GSR announced a $100 million equity private placement investment in the Nasdaq-listed company Upexi, Inc.

Upexi is a brand owner focusing on consumer product development, manufacturing, and distribution. This investment took place after Upexi announced a strategic shift to a cryptocurrency-based financial strategy, aiming to create long-term value and returns for its shareholders. Upexi has committed to formulating a Solana financial strategy, including additional Solana holdings and staking.