Upexi, Inc. (NASDAQ: UPXI) shares surged 20.12% in premarket trading to $8.00 following the announcement of a new advisory committee aimed at expanding its decentralized finance (DeFi) initiatives. The committee's first member is Arthur Hayes, co-founder of BitMEX, who will help Upexi leverage its Solana holdings, valued at over $316 million, to enhance its presence in the Solana ecosystem through strategic partnerships and investments.
CEO Allan Marshall emphasized that the advisory committee will be pivotal in driving growth and amplifying Upexi's brand in the DeFi space. Hayes expressed his enthusiasm for supporting Upexi's Solana treasury ambitions. The company plans to announce additional committee members soon, underscoring its commitment to bridging traditional and decentralized finance.
Upexi, Inc. Shares Jump 20% on DeFi Expansion Plans with Arthur Hayes
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