💰 Gate.io Daily Topic & Post Event
➡️ #BitcoinStrategicReserveAct#
— On May 7, New Hampshire became the first U.S. state to include Bitcoin in its strategic reserves. The new HB 302 bill allows up to 5% of public funds to be invested in digital assets and precious metals with a market cap over $500B.
Will this boost Bitcoin’s price? Could it set a trend for other states or countries? Share your thoughts!
➡️ #FOMCMeeting#
— The Fed will announce its May rate decision on May 8. Despite pressure to cut, markets expect no change. How do you think this will impact the market?
✍️ Post with #Bitcoin
100 Million Dollar Solana-Focused Investment from Crypto Giant to Nasdaq-Listed Company! - Coin Bulletin
GSR will support the company's Solana (SOL) based crypto asset reserve strategy with its $100 million PIPE investment in Upexi.
The cryptocurrency trading and investment firm GSR made a private investment worth 100 million dollars to assist the publicly traded consumer product company Upexi in creating a Solana-based cryptocurrency reserve. With this investment, Upexi plans not only to establish a Solana vault but also to increase and stake its SOL holdings.
The investment was announced by GSR's Head of Research Brian Rudick. Rudick stated, "This investment demonstrates the increasing demand for secure and efficient access to quality crypto assets in public markets. Solana's speed, scalability, and evolving developer ecosystem create an ideal foundation for long-term growth, and we are honored to accelerate the integration of digital assets into institutional portfolios."
Upexi is not alone in setting up a treasury based on Solana. On April 11, the commercial property financing firm Janover announced that it had accumulated 83,000 SOL and plans to stake this position.