Upexi, Inc. has announced plans to increase its assets in Solana by raising $200 million through securities.
Upexi's Asset Expansion Plan
Upexi, Inc., a Nasdaq-listed company, confirmed plans to raise $200 million through a securities offering. The offering will consist of 12.46 million shares and $150 million in convertible notes, priced at $4.00 per share for general investors and $4.94 for CEO participation. CEO Allan Marshall highlighted the strategic focus on increasing SOL holdings.
Growing Interest in Solana
Upexi's initiative is seen as a significant indicator of growing interest in Solana among Nasdaq-listed firms. The company's strategy aims to attract institutional investors, indicating increasing acceptance of Solana in the financial community.
Current Solana Data
As of July 11, 2025, Solana (SOL) is trading at $165.37, with a market cap of $88.64 billion. Trading volume hit $7.94 billion, showing a 78.09% increase. Over the past 90 days, SOL's price surged by 26.18%.
Upexi's plans to expand its holdings in Solana reflect increasing investor interest and a positive outlook for the cryptocurrency market.
