Upexi, a brand owner specializing in the management of the supply chain, is diversifying in the cryptocurrency sector. On April 21, the company announced an increase of $ 100 million, with more than 90% intended for the construction of a Solana (GROUND) Treasury strategy.
After the announcement, Upexi’s actions arose with a fence of $ 2.30 on April 17 at $ 16.79 during this writing, marking a jump of 632% for the day.
Many “eminent” crypto venture capital companies participated in the increase of $ 100 million, according to to an ad. Donors include the Family Office by Arthur Hayes, Delta Blockchain Fund, Delphi Ventures, Hivemind, Borderless and White Star Capital, among others. The Tour was completed with a sale of around 44 million ordinary shares at a price of $ 2.28.
According to For the recent finances of Upexi, he recorded a profit of $ 3 million in the last quarter of 2024, down 34.8% or 4.6 million dollars compared to the same period in 2023.
Companies imitate the strategy
The strategy (formerly Microstrategy) was one of the first consumer companies to adopt a cryptocurrency treasury strategy. He started buying bitcoin (BTC) In August 2020, and its stock market has since then led. Currently, More than 13,000 companies have an exhibition to the strategy.
Other companies have followed the example of the strategy in the adoption of a Bitcoin treasure, in particular Metaplanet, which exceeded $ 400 million in BTC holdings April 21, and Semler Scientific, who Paper losses indicated for its BTC participations April 16.
In relation: Metaplanet, Semler Scientific was “zombie societies” to Bitcoin, say the leaders
Fewer companies adopting a cryptographic cash strategy have chosen a part other than bitcoin. One of these companies is Janover, which was Taken by former Kraken leaders on April 7. Like Upexi, he adopts a Solana treasure strategy and acquired $ 10.5 million in ground April 15.
Sol is the native token of the Solana blockchain. The network, formerly considered to be the “Ethereum Killer”, has fast speeds based on a mechanism of consensus of proof of history. Solana was among the major winners of the last Haussier market, thanks to use cases and the same and decentralized infrastructure applications.
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