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Upexi Raises $500 Million Equity Line to Expand Solana Treasury

Secured on zero-fee terms, the facility will fund additional SOL acquisitions, covering corporate operations.

Nasdaq listed upexi secures $500m equity line to expand solana treasury holdings
Nasdaq listed upexi establishes $500m equity facility to increase solana holdings

Overview

  • The equity line with A.G.P./Alliance Global Partners allows Upexi to issue up to $500 million of common stock at its discretion under favorable, zero-fee terms.
  • Upexi’s CEO Allan Marshall says the facility enhances flexibility and provides an attractive cost of capital for its Solana accumulation strategy.
  • The company now holds approximately 1.9 million SOL tokens worth over $346 million after earlier private placements.
  • Nearly all of Upexi’s SOL assets have been staked to generate up to $26 million in projected annual yield at current rates.
  • Upexi uses its Basic mNAV metric, which stood at 1.2× on July 18, to benchmark its market valuation against the dollar value of its Solana holdings.