Key Takeaways
- Arthur Hayes has joined Upexi as the first member of its Solana-focused advisory committee.
- Upexi holds 1.9 million SOL tokens and aims to solidify its leadership in Solana treasury management.
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BitMEX co-founder Arthur Hayes has joined Solana treasury company Upexi as the first member of its newly established advisory committee, the company announced Tuesday.
The committee will help expand Upexi’s footprint in the Solana ecosystem via strategic partnerships and targeted investments, positioning the company as a leading Solana treasury company.
“The Advisory Committee will be a catalyst for Upexi’s next stage of growth – driving performance, amplifying our brand and unlocking transformative opportunities,” said Allan Marshall, Upexi’s Chief Executive Officer.
Hayes, currently serving as CIO of crypto investment firm Maelstrom, which invested in Upexi through a private placement to back its Solana treasury strategy, will help the company optimize performance and unlock capital raising opportunities.
Hayes said Maelstrom’s decision to back Upexi was driven by the company’s proven treasury expertise, strong traditional finance ties, and prudent strategy to maximize value for diverse investors.
“Since then, Upexi has executed on its vision with precision, and I’m eager to help cement its position as the definitive Solana treasury company,” he stated.
The Nasdaq-listed firm plans to name additional advisory committee members in the coming weeks.
The news follows Upexi’s recent $500 million equity line of credit agreement with Alliance Global Partners for selling its common stock, primarily to purchase SOL tokens and cover general corporate expenses.
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