Upexi Gains $500 Million Credit Line to Expand $381 Million Solana Treasury


Upexi Gains $500 Million Credit Line to Expand $381 Million Solana Treasury
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- Upexi secures a $500 million equity line agreement with A.G.P./Alliance Global Partners. - The company will use the funding to support corporate growth and expand its substantial Solana (SOL) investments. On July 28, 2025, Upexi, Inc. (NASDAQ: UPXI), a Solana-focused treasury company, announced it secured a $500 million equity line of credit with A.G.P./Alliance Global Partners. The deal allows Upexi to sell its common stock to A.G.P. at its discretion to raise flexible capital, which the company will use for general corporate expenses and to expand its Solana (SOL) token holdings. The announcement was widely reported on July 28 by outlets including Investing.com, MarketScreener, and AInvest. In the announcement, Upexi CEO Allan Marshall called the equity line an "attractive cost of capital" and emphasized that the agreement supports the company's strategy to solidify its digital asset market footprint by scaling investments in the Solana ecosystem. The credit line is the latest in a series of capital-raising initiatives by Upexi. Previously, the company completed a $100 million private placement in public equity (PIPE) and raised an additional $200 million through another private placement. As a result of these efforts, Upexi has steadily grown its SOL treasury portfolio, which now totals approximately 1.9 million Solana tokens valued at an estimated $381 million. In addition to cryptocurrency acquisitions, Upexi also voiced interest in broader blockchain innovations, including the potential tokenization of its shares. While the company’s core activities remain in consumer goods, its intensified focus on cryptocurrency underscores a commitment to position digital assets as a central pillar of its financial strategy. According to market data on July 28 at 17:14 UTC, Solana (SOL) was trading at $187.176, while its 24-hour trading volume showed a 0.088% change.
Article Info
Category
Market
Published
2025-07-28 17:21
NFT ID
PENDING
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