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

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The company, whose products include medicinal mushroom gummies and pet-grooming tools, said it will use the capital to accumulate and stake solana (SOL) tokens

Upexi plans to not only establish its treasury but to accumulate more SOL and stake its position, the release continues