ATTACHMENTS / EXHIBITS

SCHEDULE 13G

CUSIP No.

39959A205

Names of Reporting Persons

GSR Growth Investments LP

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

Sec Use Only

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,006,210.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,006,210.00

Aggregate Amount Beneficially Owned by Each Reporting Person

4,006,210.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Percent of class represented by amount in row (9)

7.22 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The shares reported in rows 6 and 8 above represent (i) 2,306,059 shares of the Issuer's Common Stock, par value $0.001 (the "Common Stock") of Upexi, Inc. (the "Issuer") held by the Reporting Person; and (ii) 1,700,151 shares of the Issuer's Common Stock issuable upon exercise of pre-funded warrants held by GSR Growth Investments LP. The percentage in row 11 above is based on (i) 53,792,462 shares of Common Stock of the Issuer outstanding as of July 21, 2025, as reported in the Issuer's Prospectus filed with the SEC on July 21, 2025, plus (ii) 1,700,151 shares of the Issuer's Common Stock issuable upon exercise of pre-funded warrants held by the Reporting Person.

SCHEDULE 13G

CUSIP No.

39959A205

Names of Reporting Persons

GSR Growth Investments GP Ltd.

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

Sec Use Only

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,006,210.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,006,210.00

Aggregate Amount Beneficially Owned by Each Reporting Person

4,006,210.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Percent of class represented by amount in row (9)

7.22 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The shares reported in rows 6 and 8 above represent (i) 2,306,059 shares of the Issuer's Common Stock, par value $0.001 (the "Common Stock") of Upexi, Inc. (the "Issuer") held by the Reporting Person; and (ii) 1,700,151 shares of the Issuer's Common Stock issuable upon exercise of pre-funded warrants held by GSR Growth Investments LP. The percentage in row 11 above is based on (i) 53,792,462 shares of Common Stock of the Issuer outstanding as of July 21, 2025, as reported in the Issuer's Prospectus filed with the SEC on July 21, 2025 plus (ii) 1,700,151 shares of the Issuer's Common Stock issuable upon exercise of pre-funded warrants held by GSR Growth Investments LP.

SCHEDULE 13G

CUSIP No.

39959A205

Names of Reporting Persons

GSR Strategies LLC

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,192,982.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,192,982.00

Aggregate Amount Beneficially Owned by Each Reporting Person

2,192,982.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Percent of class represented by amount in row (9)

3.92 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The shares reported in rows 6 and 8 above represent shares of Common Stock of the Issuer issuable upon exercise of warrants held by the Reporting Person. The percentage in row 11 above is based on (i) 53,792,462 shares of Common Stock of the Issuer outstanding as of July 21, 2025, as reported in the Issuer's Prospectus filed with the SEC on July 21, 2025, plus (ii) 2,192,982 shares of the Issuer's Common Stock issuable upon exercise of warrants held by the Reporting Person.

SCHEDULE 13G

CUSIP No.

39959A205

Names of Reporting Persons

GSR USA Intermediate LLC

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,192,982.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,192,982.00

Aggregate Amount Beneficially Owned by Each Reporting Person

2,192,982.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Percent of class represented by amount in row (9)

3.92 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The shares reported in rows 6 and 8 above represent shares of Common Stock of the Issuer issuable upon exercise of warrants held by the Reporting Person. The Reporting Person is the member manager of GSR Strategies LLC. The percentage in row 11 above is based on (i) 53,792,462 shares of Common Stock of the Issuer outstanding as of July 21, 2025, as reported in the Issuer's Prospectus filed with the SEC on July 21, 2025 plus, (ii) 2,192,982 shares of the Issuer's Common Stock issuable upon exercise of warrants held by GSR Strategies LLC.

SCHEDULE 13G

CUSIP No.

39959A205

Names of Reporting Persons

CNC Inversiones Ltd.

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

Sec Use Only

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,385,965.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,385,965.00

Aggregate Amount Beneficially Owned by Each Reporting Person

4,385,965.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Percent of class represented by amount in row (9)

7.54 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The shares reported in rows 6 and 8 above represent shares of Common Stock of the Issuer issuable upon exercise of pre-funded warrants held by the Reporting Person. The percentage in row 11 above is based on (i) 53,792,462 shares of Common Stock of the Issuer outstanding as of July 21, 2025, as reported in the Issuer's Prospectus filed with the SEC on July 21, 2025, plus (ii) 4,385,965 shares of the Issuer's Common Stock issuable upon exercise of pre-funded warrants held by the Reporting Person.

SCHEDULE 13G

CUSIP No.

39959A205

Names of Reporting Persons

Carlos Cristian Gil

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

Sec Use Only

Citizenship or Place of Organization

SPAIN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,385,965.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,385,965.00

Aggregate Amount Beneficially Owned by Each Reporting Person

4,385,965.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Percent of class represented by amount in row (9)

7.54 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The shares reported in rows 6 and 8 above represent shares of the Issuer's Common Stock issuable upon exercise of pre-funded warrants held by CNC Inversiones Ltd. The Reporting Person is a Director of CNC Inversiones Ltd. The percentage in row 11 above is based on (i) 53,792,462 shares of Common Stock of the Issuer outstanding as of July 21, 2025, as reported in the Issuer's Prospectus filed with the SEC on July 21, 2025, plus (ii) 4,385,965 shares of the Issuer's Common Stock issuable upon exercise of pre-funded warrants held by CNC Inversiones Ltd.

SCHEDULE 13G

CUSIP No.

39959A205

Names of Reporting Persons

Nadia Gil

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

Sec Use Only

Citizenship or Place of Organization

SPAIN

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 4,385,965.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 4,385,965.00

Aggregate Amount Beneficially Owned by Each Reporting Person

4,385,965.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Percent of class represented by amount in row (9)

7.54 %

Type of Reporting Person (See Instructions)

Comment for Type of Reporting Person: The shares reported in rows 6 and 8 above represent shares of the Issuer's Common Stock Issuer issuable upon exercise of pre-funded warrants held by CNC Inversiones Ltd. The Reporting Person is a Director of CNC Inversiones Ltd. The percentage in row 11 above is based on (i) 53,792,462 shares of Common Stock of the Issuer outstanding as of July 21, 2025, as reported in the Issuer's Prospectus filed with the SEC on July 21, 2025, plus (ii) 4,385,965 shares of the Issuer's Common Stock issuable upon exercise of pre-funded warrants held by CNC Inversiones Ltd.

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

UPEXI, INC.

(b)

Address of issuer's principal executive offices:

3030 Rocky Point Drive, Suite 420 Tampa, FL, 33607

Item 2.

(a)

Name of person filing:

GSR Growth Investments LP

(b)

Address or principal business office or, if none, residence:

c/o Zedra Booths Hall, Booths Park 3 Chelford Road, Knutsford, Cheshire, WA168GS, United Kingdom

(c)

Citizenship:

United Kingdom

(d)

Title of class of securities:

Common Stock, par value $0.001

(e)

CUSIP No.:

39959A205

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

GSR Growth Investments LP: 4,006,210 GSR Growth Investments GP Ltd: 4,006,210 GSR Strategies LLC: 2,192,982 GSR USA Intermediate LLC: 2,192,982 CNC Inversiones Ltd: 4,385,965 Carlos Cristian Gil: 4,385,965 Nadia Gil: 4,385,965

(b)

Percent of class:

GSR Growth Investments LP: 7.22% GSR Growth Investments GP Ltd: 7.22% GSR Strategies LLC: 3.92% GSR USA Intermediate LLC: 3.92% CNC Inversiones Ltd: 7.54% Carlos Cristian Gil: 7.54% Nadia Gil: 7.54% %

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

GSR Growth Investments LP: 0 GSR Growth Investments GP Ltd: 0 GSR Strategies LLC: 0 GSR USA Intermediate LLC: 0 CNC Inversiones Ltd: 0 Carlos Cristian Gil: 0 Nadia Gil: 0

(ii) Shared power to vote or to direct the vote:

(iii) Sole power to dispose or to direct the disposition of:

GSR Growth Investments LP: 0 GSR Growth Investments GP Ltd: 0 GSR Strategies LLC: 0 GSR USA Intermediate LLC: 0 CNC Inversiones Ltd: 0 Carlos Cristian Gil: 0 Nadia Gil: 0

(iv) Shared power to dispose or to direct the disposition of:

Item 5.

Ownership of 5 Percent or Less of a Class.

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

GSR Growth Investments LP

Signature:	/s/ James Contos
Name/Title:	James Contos, as Authorized Signer of GSR Growth Investments GP Ltd.
Date:	08/13/2025

GSR Growth Investments GP Ltd.

Signature:	/s/ James Contos
Name/Title:	James Contos, as Authorized Signer of GSR Growth Investments GP Ltd.
Date:	08/13/2025

GSR Strategies LLC

Signature:	/s/ Joshua Riezman
Name/Title:	Joshua Riezman, as Manager of GSR USA Intermediate LLC
Date:	08/13/2025

GSR USA Intermediate LLC

Signature:	/s/ Joshua Riezman
Name/Title:	Joshua Riezman, as Manager of GSR USA Intermediate LLC
Date:	08/13/2025

CNC Inversiones Ltd.

Signature:	/s/ Carlos Cristian Gil
Name/Title:	Carlos Cristian Gil, as Director
Date:	08/13/2025

Carlos Cristian Gil

Signature:	/s/ Carlos Cristian Gil
Name/Title:	Carlos Cristian Gil
Date:	08/13/2025

Nadia Gil

Signature:	/s/ Nadia Gil
Name/Title:	Nadia Gil
Date:	08/13/2025

Exhibit Information

Exhibit A - Joint Acquisition Statement Pursuant to Rule 13d-1(k)