Upexi, a Nasdaq-listed company, has raised tens of millions of dollars to take a Heavy Position in the SOL ecosystem.

SerumDegen

2025-12-02 15:02:17

[Chain News] Nasdaq-listed company Upexi( stock code UPXI) recently made a big move.

They completed a round of private placement, selling more than 3.28 million shares of common stock, along with attached warrants. The holders of these warrants can purchase up to 3.28 million shares at a price of $3.04 per share.

This operation directly brought in 10 million dollars. If all the warrants are exercised and paid in cash, an additional 13 million dollars can be received. However, these figures are before deducting fees, so the actual amount received will be a bit less.

What is the money for? The company mentioned three directions: daily operations, general business expenses, and the most critical one—investing in their internal SOL maximum return strategy.

It seems that another traditional listed company has set its sights on cryptocurrency, and is going all in on the SOL ecosystem.

SOL12.61%

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