TLDR
- Upexi has appointed Sol Big Brain, a Solana investor, as its advisory committee.
- The company now has Arthur Hayes, co -founder of Bitmex, in its advisory team.
- Upexi’s Solana strategy includes holding over 2 million sun symbols, valued at about $ 410 million.
- The company invests most of its Solana holdings to earn a return of 8% for investors.
- Upexi’s net asset value has increased to $ 433 million thanks to Solana’s rising market price.
Upexi, the Nasdaq-listed company, has appointed prominent Soana Investor Sol Big Brain to his advisory committee. The move, which was announced Tuesday, aims to strengthen the company’s cryptost strategy. Sol Big Brain joins Maelstrom Fund founder Arthur Hayes, who was appointed earlier this year.
Upexi’s Solana strategy gets stronger
Upexi has more and more Focused on Solana, after moving from its origin as a consumer brand aggregate. In April, the company began its large-scale accumulation of Solana’s solar symbols with a purchase of $ 6.7 million. It now has over 2 million sun symbols, valued at about $ 410 million.
The company says it invests most of its Solana holdings to earn about 8% return. By doing so, Upexi offers investors institutional quality exposure to Solana without demanding that they handle infrastructure. This approach is consistent with Upexi’s broader strategy to utilize Cryptocurrency for growth while maintaining simplicity.
Key figures in Upexi’s Crypto Leadership
Upexi’s advisory committee now contains two well -known figures from the crypto world. Sol Big Brain, a prominent solara investor, provides significant expertise to the team. Hayes, one earlier Bitmex Co -founders provide their experience in aggressive trade in memecoins as Pepe.
Hayes has shifted its focus towards high -yields decentralized funding (Defi), such as Etherfi and Eden. He believes that the next wave of crypto growth comes from projects that reward token holders with shared revenue. His insights further strengthen Upexi’s strategic positioning within the crypto gym.
Upexis Solana’s initiative has been advantageous, especially with the increase in Sol’s market price. When the company started collecting the sun, about $ 100 was priced, close to a 13-month was low. Since then, the price has more than doubled to $ 208, which increases Upexi’s net asset value to $ 433 million.
