Upexi completes $200 million financing, significantly increasing its holdings of Solana to 1.65 million coins.

[Bi推] Upexi, Inc. ( Nasdaq: UPXI) announced the completion of two rounds of financing, totaling $200 million. The company conducted a private sale of common stock at a price of $4 per share, raising approximately $50 million; simultaneously, it issued $150 million Convertible Bonds with an annual interest rate of 2%, maturing in 24 months, with a conversion price of $4.25 per share.

This financing will significantly enhance Upexi's holdings of Solana(SOL), with the company expected to hold approximately 1.65 million SOL after the transaction is completed, representing an increase of more than double compared to the previously disclosed 735,000 SOL. A portion of the stock issuance proceeds will be used for the company's existing business operations and general corporate purposes, while the remaining funds will be invested in the Solana treasury strategy. In the coming weeks, the company plans to continue increasing its SOL holdings.