GSR Announces $100M Private Investment in SolanaL-Linked Firm Upexi

Leading investment firm GSR has announced a $100 million private investment in public equity (PIPE) into Upexi, Inc. (NASDAQ: UPXI), a consumer product firm. The crypto trading firm contributes to Upexi’s Solana (SOL) treasury strategy by raising this fund. GSR Fulfills Upexi Solana Treasury Strategy Goal Upexi announced a while ago that it is tilting toward a cryptocurrency-based treasury strategy. According to the form, this move is focused on generating long-term appreciation and yield for shareholders. In retrospect, it has shown its commitment to establishing a Solana treasury strategy. It is worth noting that this includes Solana’s accumulation and staking. In the latest development, GSR’s investment reflects its confidence in SOL’s long-term potential and reputation as a leading high-performance blockchain . Significantly, GSR’s mission to bridge the gap between traditional capital markets and the digital asset ecosystem has rightly positioned it for this deal. Upexi Funding Aligns With GSR’s Mission GSR’s Head of Research, Brian Rudick, noted, “This investment highlights the growing demand for efficient, secure access to high-quality crypto assets in public markets.” He further acknowledged Solana’s speed , scalability, and vibrant developer ecosystem, citing that all these features make it “an ideal foundation for long-term growth, and we are honored to help accelerate the integration of digital assets into institutional portfolios.” Jakob Palmstierna, President of GSR, spoke of how the investment is crucial to the future of Decentralized Finance (DeFi). He claimed that it fulfils part of the company’s broader mission to help unlock the full potential of digital assets. ABCDE Halts New Funding and Investment in New Projects While Upexi received funding, web3-focused investment giant ABCDE remained on the other side of the fence. ABCDE has officially halted all new funding efforts, marking a major strategic shift for the $400 million fund. The platform’s co-founder, Du Jun, who also co-founded the Huobi exchange, announced that ABCDE remains committed to supporting its current portfolio even though it will neither raise capital for a second phase nor invest in new projects. He claimed that the decision was not a function of financial distress but a reflection of a growing disillusionment with early-stage crypto investing. “Many projects are extremely short-sighted and only think about how to get listed on the exchange as soon as possible,” Jun said. “What is left behind is often a mess.” The post GSR Announces $100M Private Investment in SolanaL-Linked Firm Upexi appeared first on TheCoinrise.com .

Source: The Coin Rise