Crypto market maker GSR announced today that it has made a $100 million private equity investment (PIPE) in Upexi, a brand owner specializing in the development, manufacturing, and distribution of consumer products.
With this investment, GSR aims to help Upexi create a cryptocurrency reserve strategy.
With this investment, Upexi plans to accumulate and acquire shares of Solana (SOL) to achieve long-term asset growth and generate returns for shareholders.
“This investment highlights the growing demand for efficient and secure access to high-quality crypto assets in public markets,” said Brian Rudick, head of research at GSR. “Solana’s speed, scalability, and vibrant developer ecosystem make it an ideal foundation for long-term growth, and we are honored to help accelerate the integration of digital assets into institutional portfolios.”
The $100 million investment underscores GSR’s confidence in Solana as a leading high-performance blockchain and GSR’s mission to bridge the gap between traditional capital markets and the digital asset ecosystem.
“It’s encouraging to see institutions exploring blockchain infrastructure in meaningful ways,” said Lily Liu, President of the Solana Foundation. “The announcement from GSR and Upexi highlights the growing interest in using Solana for real-world financial applications and is another sign of how traditional finance and DeFi are beginning to intersect.”
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/100-million-solana-sol-move-from-a-giant-market-maker-company/