New York, New York, April 21, 2025, Chain Wire
GSR, a leading crypto trading and investment company, today announced that Upexi, Inc., a brand owner specializing in the development, manufacturing and distribution of consumer products. (NASDAQ: UPXI) has announced that it has paid $100 million in private investment (Pipe) and $100 million in private investment to Public Equity (Pipe). The investment follows Upexi’s announcement of a strategic shift towards a cryptocurrency-based financial strategy aimed at generating long-term valuations and yields for shareholders. Upexi has been working to establish a Solana financial strategy, including Solana accumulation and staking.
This investment highlights GSR’s trust in Solana as a major high-performance blockchain and GSR’s mission to bridge the gap between traditional capital markets and the digital asset ecosystem.
“This investment highlights the growing demand for efficient and secure access to high-quality crypto assets in the public market,” said Brian Ruddick, GSR’s Head of Research. “Solana’s speed, scalability and vibrant ecosystem of developers are an ideal foundation for long-term growth and we are honored to accelerate the integration of digital assets into our institutional portfolio.”
“We are pleased to announce that we are committed to providing a range of services and services to providing services that will enable us to provide services that will enable us to provide services that will enable us to implement our services,” said Jakob Palmstierna, president of GSR. “At GSR, we support not only capital, but founders, protocols and builders with expertise, liquidity and true long-term support. This is a meaningful step and is just part of our broader mission to unlock the full potential of our digital assets.”
Lily Liu, president of the Solana Foundation, said: “The announcements of GSR and Upexi highlight the growing interest in using Solana for real financial applications, and another signal of how traditional finance and Defi are beginning to intersect.”
GSR continues to invest in a broader digital asset ecosystem, providing its partners with capital solutions, liquidity and strategic advisory services at every stage of growth.
About GSR
The GSR Group brings over 10 years of experience as a leading digital asset liquidity provider and multi-stage investor. Our full spectrum offerings include OTC trading, market production and financial management. It is deeply embedded in the digital asset ecosystem, and works with token issuers, institutional investors and top trading venues. Beyond capital, we provide strategic insights, deep liquidity and long-term partnerships for founders, protocols and platforms that shape the future of the crypto market.
Follow GSR with X. For more information, please visit www.gsr.io.
contact
VP Public Relations
Haley Malanga
GSR
haley.malanga@gsr.io
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