Upexi announced the issuance of 12,457,186 common shares at a price of $4.00/share, raising approximately $50 million from institutional investors and CEO Allan Marshall.

At the same time, the company also issued convertible bonds worth $150 million in SOL, with an interest rate of 2% and a term of 24 months, expanding the Solana asset portfolio to over 1.65 million SOL after issuance.

MAIN CONTENT

  • Upexi issued more than 12 million common shares, raising $50 million.

  • Issuing convertible bonds worth $150 million in SOL with an interest rate of 2%/year.

  • The total amount of SOL held by Upexi increased to nearly 1.65 million SOL after the funding round.

How did Upexi conduct the share issuance and what was the scale?

Upexi has signed an agreement to sell 12,457,186 common shares to institutional investors, accredited investors, and CEO Allan Marshall at a price of $4.00 per share. This activity brings the company approximately $50 million in capital.

CEO Allan Marshall also participated in purchasing shares at a higher price of $4.94/share, reflecting the management's commitment to the long-term development of the company.

What are the characteristics of convertible bonds and why are they issued in SOL?

The issuance of convertible bonds in SOL has a total principal value of $150 million, an interest rate of 2% per year, paid quarterly, and has a term of 24 months. The bonds have a fixed conversion price of $4.25/share.

The collateralized form in SOL helps increase the security for the bonds while demonstrating the strategy to expand exposure to Solana assets – one of the leading Layer 1 Blockchains with a vibrant ecosystem.

This issuance of shares and bonds helps Upexi strengthen its finances and develop SOL asset resources to expand operations on the Solana platform.
Allan Marshall, CEO of Upexi, July 2025

What is the impact of the issuances on Upexi's SOL asset portfolio?

After completing the issuance, the amount of SOL that Upexi holds is expected to increase to approximately 1.65 million SOL, more than doubling the previous figure of 735,692 SOL. This is an important step to strengthen the company's asset power within the Solana ecosystem.

This also demonstrates the proactive plan to utilize the raised capital to expand and diversify the asset portfolio in line with modern Blockchain trends.

Type of issuance Scale Price/Convertible bond Interest/Term Collateral Common shares 12,457,186 shares $4.00/share – – Convertible bonds 150 million USD $4.25/ convertible share 2%/year, 24 months SOL (Solana)

The issuance of convertible bonds in SOL is not only a strategic financial move but also helps integrate deeply into the Solana ecosystem, opening up opportunities for sustainable growth.
Blockchain expert, report July 2025

Frequently Asked Questions

  • How much money has Upexi raised from the share issuance?
    Approximately $50 million from 12,457,186 shares issued.

  • What is the interest rate on Upexi's convertible bonds?
    The convertible bonds have an interest rate of 2% per year, paid quarterly.

  • What role does SOL play in Upexi's bond issuance?
    SOL serves as collateral for the bonds and will be included in the company's Solana assets.

  • Did the CEO of Upexi participate in purchasing shares?
    CEO Allan Marshall purchased shares at $4.94/share, higher than the price offered to other investors.

  • What is the expected amount of SOL held after the issuance?
    Approximately 1.65 million SOL, more than double the previous amount.

Source: https://tintucbitcoin.com/upexi-goi-von-200-trieu-usd-sol/

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