Upexi completed a $200 million financing and plans to significantly increase its holdings in Solana.

[Block Rhythm] On July 11, 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 in Convertible Bonds, with an annual interest rate of 2%, maturing in 24 months, and 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 completion of the transaction, more than doubling the previously disclosed 735,000 SOL. Part 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.