The vehicle wants to follow MicroStrategy's success as a public Bitcoin-focused company.
BTC, ETH and SOL rallied 4%, 5.5% and 6.2%, respectively, after Bitcoin ETFs recorded their highest inflows since January.
Upexi will use the capital to build a treasury model centered on solana staking, with GSR leading the $100M private placement.
A Kraken spokesperson said the firm is “making the difficult decision to eliminate certain roles and consolidate teams where redundancies exist, while continuing to hire in key areas of the business.”
The cryptocurrency market posted losses for the second consecutive day on Wednesday, as investors grapple with new potential tariff measures.
Cryptocurrency exchanges Binance and KuCoin temporarily suspended withdrawals Tuesday (April 15) morning.
The RWA project dropped by 93% on Sunday afternoon in what the team claims were “reckless forced liquidations.”
BTC, ETH and SOL climbed as the Dollar Index dipped under 100 for the first time since July 2023.
Bitcoin is trading around $80K as broader markets record minor gains after softer inflation data.
Bitcoin and Ethereum are up 7% and 12%, respectively, while SOL has surged 13%.
The blockchain technology firm’s acquisition of the prime brokerage marks one of the most highly valued deals in its industry.
Bitcoin drops nearly 5% as Trump’s tariff threats rattle investors.
