Upexi to raise $200M to expand Solana holdings to 1.65 million SOL

Consumer products company #Upexi is raising $200 million through a combination of equity and convertible note offerings to significantly expand its #Solana $SOL treasury. Upon completion of both offerings in mid-July, Upexi expects to hold 1.65 million SOL—worth approximately $273 million—more than doubling its previously disclosed holdings. The move follows a $100 million SOL-focused PIPE deal in April.