Upexi, a consumer products company, has announced a significant boost to its Solana treasury by raising $200 million. This funding will support business operations and facilitate further purchases of SOL. The capital will be sourced from two financing methods: $50 million through an equity offering and $150 million from convertible notes, both expected to close next week. Upexi shared on X that the $150 million convertible note, led by Big Brain Holdings, will be secured by locked SOL from the note purchasers, featuring a two-year maturity and a 2% quarterly interest rate. Upexi aims to enhance its digital assets treasury, having previously raised $100 million in April for initial SOL acquisitions. With this latest funding, the company anticipates holding around 1.65 million SOL, valued at approximately $270 million, significantly surpassing other publicly traded Solana treasuries. Following the announcement, UPXI shares rose by 7.8%, closing at $5.39, although they remain down nearly 58% from last month. Read more AI-generated news on: https://app.chaingpt.org/news