Mentioned:
UPXI -7.48% DFDV -5.32%
One of the most important founders in crypto is joining a publicly traded company on the Nasdaq. And they’re going all in on Solana accumulation.
What’s happening:
- BitMEX founder Arthur Hayes has officially joined Upexi (NASDAQ: UPXI) as a strategic advisor
Why it matters:
- Upexi is one of the largest holders of Solana tokens amongst all publicly traded companies in the world
Going deeper:
- Arthur Hayes’ family office Maelstrom was also an early investor in Upexi’s first equity financing round
- Multiple other prominent digital asset venture capital funds have backed Upexi, including GSR, Delphi Ventures, Morgan Creek Digital and Borderless Capital
The intrigue:
- The race to accumulate Solana tokens to hold directly as an asset has been unrelenting in the public markets, which has fuelled DeFi Development Corp (NASDAQ: DFDV) to consistently buy tens of millions of dollars worth of Solana through both equity and debt financing rounds
