Solana treasury firm cuts ties with analyst over default allegations

Core Viewpoint - Upexi has terminated its asset management agreement with GSR Strategies due to disputes over alleged contractual breaches, effective December 26, 2025 [1] Group 1: Company Overview - Upexi is a Nasdaq-listed consumer products company that has shifted its focus to managing a treasury of Solana (SOL) digital assets, holding 2,018,419 SOL valued at $285 million, making it the fourth-largest holder of Solana [2] Group 2: Dispute Details - Upexi notified GSR of alleged defaults on October 3, 2025, and offered a chance to remedy the violations, which GSR disputed [3] - The dispute escalated to arbitration, with Upexi filing an arbitration demand on November 26, 2025, and GSR counterclaiming on December 30, 2025, regarding damages from the termination [4] Group 3: Market Response - Despite the ongoing legal issues, Upexi plans to ring the Nasdaq Closing Bell on January 5, 2026, and saw a 3.95% increase in after-market trading [5]