E-commerce company Upexi entrusts BitGo to custody over $100 million in Solana

ChainCatcher news, according to The Block, e-commerce company Upexi will be using BitGo to custody its Solana (SOL) assets, which have reached a scale of $100 million, and will engage in OTC trading and staking.

Recently, Upexi purchased 326,000 locked SOL at an average price of $135.22, bringing its total holdings to 595,000 SOL. The company plans to stake these SOL tokens to earn protocol reward yields and has a $100 million investment commitment supported by GSR for purchasing more SOL.