{"id":23264,"date":"2025-04-21T18:35:20","date_gmt":"2025-04-21T15:35:20","guid":{"rendered":"https:\/\/forklog.com\/en\/upexi-shares-surge-583-following-solana-reserve-strategy-adoption\/"},"modified":"2025-04-21T18:35:20","modified_gmt":"2025-04-21T15:35:20","slug":"upexi-shares-surge-583-following-solana-reserve-strategy-adoption","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/upexi-shares-surge-583-following-solana-reserve-strategy-adoption\/","title":{"rendered":"Upexi Shares Surge 583% Following Solana Reserve Strategy Adoption"},"content":{"rendered":"

Market maker GSR led<\/a> a $100 million private funding round for consumer goods manufacturer Upexi, which plans to acquire Solana as a reserve asset.<\/p>\n

According to Bloomberg<\/a>, the company’s market capitalization was approximately $3 million as of the close on April 17.<\/p>\n

At the time of writing, the firm’s shares had surged by 582.7%<\/a>. At their peak, the increase reached 746.5%.<\/p>\n

\"1-1526\"
Source: CNBC.<\/figcaption><\/figure>\n

Upexi’s management plans to expand its position and stake the held coins.<\/p>\n

\n

\u201cThe speed, scalability, and dynamic developer ecosystem make Solana an ideal foundation for long-term growth,\u201d<\/em> commented GSR’s Head of Research, Brian Rudick.<\/p>\n<\/blockquote>\n

Of the $100 million raised, the firm will allocate approximately $5.3 million to bolster working capital and reduce debt, with the remainder earmarked for purchasing SOL.<\/p>\n

Besides Upexi, Janover, a commercial real estate financing firm, has approved<\/a> a similar strategy to create a reserve in Solana. It holds 83,000 SOL ($11.57 million) on its balance sheet.<\/p>\n

Earlier, Bitwise estimated the bitcoin reserves of public companies at 688,000 BTC ($60.65 billion)<\/a>.<\/p>\n

Architect Partners’ Elliot Chun suggested<\/a> that by 2030, a quarter of S&P 500 companies might include the leading cryptocurrency in their balances as a long-term asset.<\/p>\n

Back in February, VanEck forecasted<\/a> Solana’s rise to $520 by the end of 2025.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Market maker GSR led a $100 million private funding round for consumer goods manufacturer Upexi, which plans to acquire Solana as a reserve asset. According to Bloomberg, the company’s market capitalization was approximately $3 million as of the close on April 17. At the time of writing, the firm’s shares had surged by 582.7%. At […]<\/p>\n","protected":false},"author":1,"featured_media":23263,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1159,1795],"class_list":["post-23264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-solana-sol","tag-solana-reserve"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=23264"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/23264\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/23263"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=23264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=23264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=23264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}