Solana Treasury plans to raise $1B in capital to support Upexi operations and investments
Key receivers
UPC is looking to raise up to $1 billion by issuing various securities to support operations and investment plans. A significant portion of Upexy's balance sheet is allocated to Solana properties held in equity through the Digital Asset Treasury program.
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Upexi, a Solana-based treasury firm, plans to establish an over-the-counter offering that will allow up to $1 billion in securities offerings.
The register covers common and preferred shares, debentures, warrants and units that may be issued over time.
Upexi has stated that the net proceeds from any future offerings will be used for general corporate purposes, which may include working capital, capital expenditures, research and development, acquisitions or investments, repaying or refinancing debt and other strategic opportunities.
The Tampa, Florida-based consumer products company has expanded its strategy to include a digital asset treasury program. The initiative is focused on acquiring, retaining and incorporating Solana as part of its long-term corporate treasury approach.
According to CoinGecko data, Upexi currently holds more than 2 million SOL, now the fourth largest Solana treasury vehicle.
SOL has seen significant declines over the past few months amid broader market volatility. The digital asset was trading at around $125 at press time, representing a decline of more than 40% over the past three months.
