Odaily Planet News: Upexi, a Solana treasury company listed on NASDAQ, has announced a securities purchase agreement with Hivemind Capital Partners to raise $36 million. The note issuance is expected to be completed around January 14, 2026, subject to customary closing conditions. The notes will be backed by locked SOL tokens and will be integrated into the company's Solana treasury after the transaction. This deal is expected to increase Upexi's SOL holdings by 12%, bringing the total to over 2.4 million SOL, making it the second-largest corporate holder of SOL, behind Forward Industries, which holds 6.9 million SOL. (Globenewswire)
Upexi to Raise $36M via SOL-Backed Notes, Becomes Second-Largest Corporate SOL Holder
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Summary
Upexi, a Nasdaq-listed Solana treasury company, is raising $36 million through a securities deal with Hivemind Capital Partners, according to Odaily. The note issuance, backed by locked SOL tokens, is scheduled for January 14, 2026, and will expand the company's Solana treasury. This move will increase Upexi's SOL holdings by 12%, bringing total assets to over 2.4 million SOL, making it the second-largest corporate holder of the token, behind Forward Industries' 6.9 million SOL. The latest cryptocurrency news highlights continued institutional interest in the Solana ecosystem.
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