Upexi Expected to Potentially Hold Largest Solana Treasury Following $200 Million Funding Completion
The post Upexi Expected to Potentially Hold Largest Solana Treasury Following $200 Million Funding Completion appeared on BitcoinEthereumNews.com. Upexi is set to become the largest holder of Solana treasury assets among publicly traded companies following its recent $200 million funding round. The capital raise includes $50 million through an equity offering and $150 million via convertible notes, aimed at expanding Upexi’s SOL holdings and supporting business growth. According to Upexi’s official announcement on X, the $150 million convertible note is led by Big Brain Holdings and will be collateralized by locked spot SOL, maturing in two years with a 2% quarterly interest rate. Upexi’s $200M funding boosts its Solana treasury to 1.65M SOL, positioning it as the largest public Solana holder and signaling strong confidence in SOL’s future. ‘, ‘
The post Upexi Expected to Potentially Hold Largest Solana Treasury Following $200 Million Funding Completion appeared on BitcoinEthereumNews.com.
Upexi is set to become the largest holder of Solana treasury assets among publicly traded companies following its recent $200 million funding round. The capital raise includes $50 million through an equity offering and $150 million via convertible notes, aimed at expanding Upexi’s SOL holdings and supporting business growth. According to Upexi’s official announcement on X, the $150 million convertible note is led by Big Brain Holdings and will be collateralized by locked spot SOL, maturing in two years with a 2% quarterly interest rate. Upexi’s $200M funding boosts its Solana treasury to 1.65M SOL, positioning it as the largest public Solana holder and signaling strong confidence in SOL’s future. ‘, ‘
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