- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
Upexi announces completion of $200 million financing for additional SOL holding
BlockBeats News, July 11th, Upexi, Inc. (Nasdaq: UPXI) announced the completion of two rounds of financing totaling $200 million. The company privately placed common stock at a price of $4 per share, raising approximately $50 million; simultaneously issued $150 million in convertible bonds with a 2% annual interest rate, a 24-month maturity, and a conversion price of $4.25 per share.
This financing will significantly increase Upexi's Solana (SOL) holdings. It is expected that after the transaction is completed, the company will hold approximately 1.65 million SOL, more than double the previously disclosed 735,000 SOL. Proceeds from part of the stock issuance will be used for the company's existing business operations and general corporate purposes, while the remaining funds will be invested in a Solana treasury strategy. In the coming weeks, the company plans to continue to increase its SOL holdings.
You may also like
Gainers
Latest Crypto News
「Whale」 Ethereum Multi-Step again Partially Liquidated, Account Balance Fell Below $270,000
Cryptocurrency Fear and Greed Index Drops to 24, Market Enters "Extreme Fear" Mode Again
「Cool-headed King of Shorting」 entered a new MON short position, earlier this morning closed a long position on BTC and SOL before reversing to open a short position
In the past 4 hours, the entire network has seen $435 million in liquidations, with longs accounting for $424 million of the total.
「CZ's Countertrade」 Long Position's Unrealized Loss Expands to $26 Million, Now the Largest Long on Hyperliquid for ETH and XRP
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App