Upexi, Inc. (NASDAQ: UPXI) announced the completion of two rounds of financing, totaling $200 million. The company privately placed 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, with a conversion price of $4.25 per share. This financing will significantly enhance Upexi's holdings of Solana (SOL), and it is expected that after the transaction is completed, the company will hold approximately 1.65 million SOL, more than doubling the previously disclosed 735,000 SOL. Part of the proceeds from the stock issuance will be used for the company's existing business operations and general corporate purposes, while the remaining funds will be invested in Solana's treasury strategy. In the coming weeks, the company plans to continue increasing its SOL holdings.