Upexi Soars 335% After Launching $100 Million Solana Reserve

Consumer goods company Upexi saw its stock price surge by a remarkable 335% after it announced the creation of a $100 million Solana-backed corporate treasury. The move, which raised funds through an offering of 44 million shares at $2.28 per share, has propelled its stock price to new highs not seen in over a year. The company will use $5.3 million to address ongoing business needs and debt while allocating the remaining $94.7 million to fuel expansion into the cryptocurrency market.