$SOL Treasury Upexi Falls 7.5% After $1B Filing to Buy More #Solana


Upexi closed Tuesday down 7.5% after filing to raise up to $1 billion to expand its $SOL treasury and pursue related opportunities. The company said in its shelf registration filing to the Securities and Exchange Commission that the raise could cover common and preferred stock, debt securities, warrants and units issued over time.


Net proceeds from the offering would be used for general corporate purposes, according to the filing. Upexi primarily focuses on accumulating Solana and staking it to earn additional tokens through network rewards.


The company holds 2.1 million #Solana worth $262.3 million, making it the fourth-largest corporate Solana treasury. Shares in Upexi closed at $1.84 but saw a small reprieve after the bell, gaining 4.34% to $1.92.


#Solana treasury purchases have slowed significantly in the back half of 2025 amid a broader crypto market pullback and waning confidence in the sustainability of crypto treasury strategies. Upexi hasn't made a Solana purchase since July 23.

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December 24, 2025 at 5:34 PM
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