TLDR
- Upexi Raises $200M, Doubles Solana Holdings in Bold Crypto Expansion
- Upexi Stock Jumps After Equity, Crypto-Fueled Capital Raise Announced
- $200M Boost Powers Upexi’s Shift Toward Blockchain and Solana Growth
- Upexi’s $150M SOL-Backed Notes Signal Deep Dive Into Crypto Strategy
- CEO Buys In as Upexi Bets Big on Solana With Fresh Funding Rounds
Upexi, Inc. (NASDAQ: UPXI) shares surge by 1.59% to $5.04 by 11:52 AM EDT on July 11. The price opened at $5.60 and dropped after a brief low of $4.9, showing early-session volatility. This surge followed the company’s announcement of two major capital raises totaling nearly $200 million.
Upexi, Inc. (UPXI)
Equity Offering Adds $50 Million for Operations and Solana Expansion
Upexi signed securities purchase agreements for the sale of 12.46 million shares at $4.00 per share. The deal included CEO Allan Marshall, who participated at a higher price of $4.94 per share. Combined, the transactions are expected to bring in $50 million in gross proceeds.
The offering targets accredited and institutional parties and is expected to close on or around July 14, 2025. A.G.P./Alliance Global Partners is the sole placement agent managing the transaction. Upexi will use part of the funds for business operations and the rest to increase its Solana treasury.
The offering is being made privately and does not involve a public market transaction. Therefore, shares will not initially be registered under U.S. securities law. Any future sale will require a proper registration or exemption under applicable laws.
Convertible Notes Bring $150 Million and Boost Crypto Holdings
Upexi announced a $150 million Convertible Note Offering tied to Solana holdings. The notes carry a 2.0% quarterly interest rate, a $4.25 conversion price, and a two-year maturity. The offering is expected to close around July 16, 2025.
Today we announced a blockbuster deal with a $150m in kind convertible note led by @BigBrainVC and a $50m equity private placement.
Net proceeds will be used to buy more SOL. pic.twitter.com/TwyLgvo4nK
— Upexi (@UpexiTreasury) July 11, 2025
The notes are backed by Solana (SOL) collateral from participating qualified purchasers and institutional parties. Upexi plans to add all SOL received to its treasury, strengthening its crypto diversification. Lead participation comes from Big Brain Holdings, with support from other institutional firms.
This transaction significantly expands Upexi’s Solana position from 735,692 SOL to approximately 1.65 million SOL. Additionally, the company plans to use equity proceeds to acquire more SOL over time. This strategic move aligns with Upexi’s increasing focus on blockchain integration.
Market Reaction and Strategic Context
Upexi’s stock dropped following the funding announcements, despite the long-term growth potential implied by the capital raise. The mixed reaction may reflect shareholder concerns about dilution and near-term volatility. However, management’s participation in the deal suggests confidence in future direction.
The company continues to build out its consumer product portfolio while integrating blockchain into its strategy. This dual focus signals a broader transformation as Upexi evolves beyond traditional business models. Its Solana strategy represents a bold attempt to merge operational growth with decentralized assets.
Upexi’s shift toward crypto-backed financing may set a precedent among similar mid-cap consumer brands. While short-term pressures remain, the capital injection positions the company for aggressive scaling. Market attention will now turn to execution and the crypto market’s role in driving value.
