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Brian Rudick, head of research at GSR, said the investment in Upexi reflects rising institutional demand for efficient and secure access to high-quality crypto assets like Solana

GSR announced leading a $100 million private placement into Upexi (UPXI)

Upexi plans to accumulate and stake SOL using capital from the private placement, as it pivots from consumer product manufacturing to a digital asset-based treasury strategy centered on Solana

GSR, a crypto trading and investment firm, led the private placement in Upexi, signaling increasing confidence from crypto-native firms in collaborating with traditional public companies on digital asset strategies

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