TLDR
- Arthur Hayes has joined Upexi as the first member of its new advisory committee.
- The advisory committee will help expand Upexi’s presence in the Solana treasury sector.
- Hayes will assist in optimizing treasury performance and identifying capital raising opportunities.
- Hayes is currently the Chief Investment Officer of crypto investment firm Maelstrom.
- Maelstrom has invested in Upexi to support its Solana treasury growth plans.
Upexi appointed Arthur Hayes as the first member of its newly formed advisory committee to strengthen its Solana treasury strategy. The Nasdaq-listed firm announced the appointment Tuesday, stating that Hayes will guide strategic partnerships and targeted investments. The move aims to position Upexi as a leading Solana treasury company.
Strengthening Solana Treasury Expertise
Upexi said the advisory committee will help accelerate growth by improving performance, boosting brand presence, and unlocking strategic opportunities. “The Advisory Committee will be a catalyst for Upexi’s next stage of growth,” said Allan Marshall, Upexi’s CEO. Hayes will assist in optimizing Solana treasury operations and securing new capital-raising avenues.
Hayes currently serves as CIO of Maelstrom, a crypto investment firm that invested in Upexi through a private placement. Maelstrom’s backing supported Upexi’s Solana treasury expansion plans, which involve prudent strategies to maximize investor value. Hayes noted that Upexi’s proven treasury expertise and strong traditional finance ties drove Maelstrom’s decision.
Capital Strategy and Future Plans
“Since then, Upexi has executed on its vision with precision,” Hayes said, emphasizing the firm’s Solana treasury achievements. The company recently secured a $500 million equity line of credit with Alliance Global Partners. Upexi plans to use the funding to purchase SOL tokens and for corporate expenses.
The company intends to add more members to the advisory committee in the coming weeks. Upexi aims to strengthen its position as the definitive Solana treasury company. This move marks another step in expanding its reach within the Solana ecosystem.