According to a report by Cryptobriefing, the SOL treasury company Upexi has signed a securities purchase agreement with Hivemind Capital Partners, issuing $36 million in convertible notes backed by locked SOL tokens. This transaction is expected to increase Upexi's SOL holdings by 12%, bringing its total to over 2.4 million SOL, making it the second-largest corporate holder of SOL, just behind Forward Industries, which holds 6.9 million SOL.
Upexi and Hivemind Capital Sign $36M Deal to Boost SOL Holdings
TechFlowShare
Summary
Upexi, a major SOL treasury firm, has signed a $36 million securities purchase agreement with Hivemind Capital Partners. The deal involves convertible notes backed by locked SOL tokens. Upexi's SOL holdings are expected to increase by 12%, reaching over 2.4 million SOL. This would make Upexi the second-largest corporate holder of SOL, behind Forward Industries, which holds 6.9 million SOL. The move comes amid growing interest in crypto and cryptocurrency news.
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