Upexi (UPXI) shares rise by 330 % on the Defi axis and Crypto Mining Pivot

Upexi (UPXi) shares increased by more than 330.9 % on Monday after the company got an investment of $ 100 million from Crypto Trading GSR to finance its axis in digital assets.

Investment, which has been organized as a private investment in public stocks (PIPE), includes the sale of 43.9 million shares of regular shares at $ 2.28 per share. Upxi closed Monday near $ 9.89, raising its profit to 181.8 %.

Jacob Paltienna, President of GSR, said in A. statement.

“This reflects our deep faith in the future of Defi and our commitment to the development of the ecosystem for encryption at every level.”

Palmstierna said that investment is suitable for a “broader mission” of GSR of opening the full potential of digital assets and supporting founders and protocols with “capital, experience, liquidity and long -term support.”

From consumer goods to encryption

The Upexi axis began in digital assets earlier this year, when the company announced that it would launch a subsidiary of digital currency and made an initial investment in Bitcoin (BTC).

The strategy has since evolved into a wider batch across the encryption space.

According to the company, 50 % of its Bitcoin’s encryption portfolio will be allocated, with the remaining half of the other major symbols such as ETHEREUM (ETH), Ripple (XRP), AAVE (AAVE), ChainLink (Link), Render (Rendr), and others.

CFO Andrew Nortrud was martyred in the position of Trump’s profit management as a major driver behind the transformation.

“The new Trump administration was openly Saudi,” said Norsterod. “With the possibility of adopting large financial institutions for encryption, it is now clear that it is time to make a strategic investment in space.”

Mining with the first portfolio mentality

Besides symbolic investments, Upexi enters its via exploration mining, Quantum Hash. In March, the company signed Rhetoric For Bitcoin’s BitCOIN mining facility.

But unlike traditional miners who focus on production volume, Upexi says its goal is to keep coins to develop their strategic wallets, not liquidating them for cash flow in the short term.

“We are not intended to be a pure mining process,” said Norsterod. “We will fill the best -performed metal currencies, including the Acting Blockchain assets, with the aim of building a long -term encryption portfolio.”