[Bitu] Upexi, Inc. ( Nasdaq: UPXI) announced the completion of two rounds of financing, totaling 200 million dollars. The company conducted a private sale of common stock at a price of 4 dollars per share, raising approximately 50 million dollars; simultaneously, it issued 150 million dollars in Convertible Bonds, with an annual interest rate of 2%, maturing in 24 months, and a conversion price of 4.25 dollars per share.
This financing will significantly enhance Upexi's holdings of Solana(SOL), with the company expected to hold approximately 1.65 million SOL after the transaction is completed, more than doubling the previously disclosed 735,000 SOL. A portion of the stock issuance proceeds will be used for the company's existing business operations and general corporate purposes, while the remaining funds will be allocated to the Solana treasury strategy. In the coming weeks, the company plans to continue increasing its SOL holdings.