Upexi Files to Raise Up to $1 Billion in Capital, Backed by Significant Solana Holdings
Upexi, a Nasdaq-listed company (ticker UPXI) focused on crypto treasury management for Solana (SOL), has filed a shelf registration with the U.S. Securities and Exchange Commission to raise up to $1 billion through one or more securities offerings.
Based in Tampa, Florida, Upexi manages a portfolio of consumer brands including Cure Mushrooms and Lucky Tail. The firm holds more than 2 million SOL tokens, valued at approximately $248 million, making it the fourth-largest Solana treasury among public companies.
The proceeds from the capital raise could be used for working capital, research and development, acquisitions, debt repayment, and other general corporate purposes. The filing provides flexibility to raise capital over time using common stock, preferred shares, debt instruments, warrants, or units.
