Upexi Plans $1B Capital Raise, Holds 2M SOL Treasury:

The Nasdaq-listed crypto treasury management firm Upexi (UPXI) submitted a shelf registration with the SEC for offering a maximum amount of $1 billion from the sale of common stock, preferred stocks, indebtedness securities, warrants, or units. The entity, tracking Solana (SOL), operates consumer brands such as Cure Mushrooms and Lucky Tail and possesses in excess of 2 million SOL tokens, ranking it as the fourth-largest Solana treasury within public companies.

Proceeds from potential offerings could be directed at working capital, R&D, acquisitions, as well as debt repayment. Shares of UPXI are down by 7% in the last few days to $1.85, pushing YTD loses to around 50%, while SOL is down by 34%.

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