Upexi Completes $200 Million Private Funding and Plans to Further Increase Its Stake in Solana

By: odaily.com|2025/07/11 22:51:32

Odaily News Upexi (NASDAQ: UPXI), a publicly traded company, announced the completion of a total of $200 million in private equity financing, including approximately $50 million in common stock and $150 million in convertible notes. The company said that part of the funds will be used to expand existing businesses, and the rest will be used to increase Solana assets.
The common stock was issued at $4 per share, and CEO Allan Marshall subscribed for $4.94 per share, which is expected to be delivered on July 14. The convertible note has an annual interest rate of 2% and a fixed conversion price of $4.25 per share, which is supported by investors pledging SOL and is expected to be delivered on July 16. The note financing was led by Big Brain Holdings.
After the financing is completed, Upexis Solana holdings will increase to approximately 1.65 million, more than double the previous 736,000. The company plans to continue to increase its holdings of SOL with equity financing proceeds in the coming weeks. AGP/Alliance Global Partners served as the exclusive private placement agent for this round of financing.

-- Price

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...