Upexi’s shares increased by 630% to 16.79 USD following the announcement of a 100 million USD fundraising. This surge reflects a strong market reaction to the company’s plans for a Solana treasury reserve.
The funding round, supported by leading venture capital firms like Delta Blockchain Fund, raised approximately 100 million USD, with a significant portion directed towards Solana investments. However, the company reported a quarterly profit of only 3 million USD, which signifies a decline from the previous year’s performance.
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