Upexi Raises $19.5M in Private Placement to Repay Debt and Boost SOL Treasury

Nasdaq-listed Solana treasury company Upexi has announced a $19.5 million private placement, selling approximately 12.24 million shares (or pre-funded warrants) at $1.60 per share. Net proceeds will be used to repay existing debt and further accumulate SOL tokens as a strategic reserve asset, underscoring the firm's long-term commitment to the Solana ecosystem.