Upexi Completes $200 Million Private Funding and Plans to Further Increase Its Stake in Solana

By: odaily.com|2025/07/11 22:51:32

Odaily News Upexi (NASDAQ: UPXI), a publicly traded company, announced the completion of a total of $200 million in private equity financing, including approximately $50 million in common stock and $150 million in convertible notes. The company said that part of the funds will be used to expand existing businesses, and the rest will be used to increase Solana assets.
The common stock was issued at $4 per share, and CEO Allan Marshall subscribed for $4.94 per share, which is expected to be delivered on July 14. The convertible note has an annual interest rate of 2% and a fixed conversion price of $4.25 per share, which is supported by investors pledging SOL and is expected to be delivered on July 16. The note financing was led by Big Brain Holdings.
After the financing is completed, Upexis Solana holdings will increase to approximately 1.65 million, more than double the previous 736,000. The company plans to continue to increase its holdings of SOL with equity financing proceeds in the coming weeks. AGP/Alliance Global Partners served as the exclusive private placement agent for this round of financing.

-- Price

On one side is the collective withdrawal of lending and collateral-type vaults, while on the other side is the counter-trend growth of RWA and curation vaults. On-chain vaults are no longer a single market, but rather eight increasingly differentiated tracks. This ten-thousand-word research report t...

Insiders betting on Musk are reaping "historic returns."

SpaceX submitted its S-1 prospectus for the largest IPO in history, disclosing details of Class A shareholdings, significant losses in the AI sector, and multiple related party transactions, with an expected listing in mid-June.

Morning Report | Binance launches DYOR research tool; YZi Labs launches recruitment platform YZi Talent; Vitalik states that the Ethereum Foundation will "downsize" and reduce the amount of ETH sold

Overview of Important Market Events on May 25

Morning News | Michael Saylor stated that this week he bought bonds instead of Bitcoin; StablR was attacked and lost about 2.8 million dollars; the U.S. Congress is pushing the Bitcoin Reserve Act again

Overview of Important Market Events on May 24

SuperEx's Mars exploration dream: Digital currency is the key to unlocking economic exchanges in the interstellar era

SuperEx has always called for exchanges to focus not on internal strife and competition, but on jointly promoting the development of digital currencies, becoming a driving force for the future interstellar era.

Key Takeaways: Full Text of Google Chief Scientist Shanahan's Speech

Google DeepMind Chief Scientist Shanahan's London Speech: Deconstructing the mental attributes of large language models (LLM) using the framework of Wittgenstein, analyzing the trend of "alien self-identity" under the context of all-weather agents.

Agentic Design Patterns: A book that made me rethink "What exactly is an Agent?"

Google Engineering Director's new book deeply analyzes: 21 design patterns of AI Agents. This article reveals the core progression from "bare LLM" to advanced intelligent agents, detailing Context Engineering, the dual Agent reflection mechanism (Producer-Critic), and the three-layer memory model, w...

The richest chairman of the Federal Reserve in 112 years has arrived: Kevin Warsh is rewriting the rules

The "richest" new chairman of the Federal Reserve, Kevin Warsh, has officially taken office. His alternative proposal of "balance sheet reduction + interest rate cuts" aims not only to reshape the decision-making mechanism but also to profoundly disrupt the U.S. Treasury, the dollar, and the global ...

Vitalik talks about the future of the Ethereum Foundation: a smaller, more distinctive, yet more enduring ship

Vitalik elaborated on his personal views regarding the transformation direction of the Ethereum Foundation: EF is not "the center of Ethereum," but one of many nodes. With limited resources, EF chooses long-termism over spreading itself thin, focusing on key tasks that "would not happen without EF"—...

New Types of Information Laundering in Prediction Markets: How Secrets Integrate into Investment Signals

The harsh reality is that information laundering is not a man-made loophole in the prediction market, but rather a side effect of its core operating mechanism.

Vitalik emphasized in a post that Ethereum must be "amazing," but the foundation is not the center

In response to the recent repeated doubts from the community regarding the Ethereum Foundation, Vitalik addressed the community's concerns today in a long article with an honest and firm attitude, systematically elaborating on his deep thoughts about the role, strategic direction, and value position...

DeFi has reached its most dangerous moment: the real vulnerabilities are not in the code

April 2026 is not just a security crisis; it is the moment when the industry's mental model completely collapses, and it is also the moment when the protocols that can survive are distinguished from those that cannot.

WEEX Bitcoin Pizza Day: Zero Fees, BTC Cashback & 150,000 USDT to Honor Crypto History

Join WEEX’s Pizza Day celebration! From zero fees to BTC cashback, honor the first ever real-world bitcoin transaction. 150,000 USDT prize pool, that's the way WEEX rewards its users and honors crypto history.

a16z: 7 Images to Understand How Tokenization Changes the Nature of Assets

It's far more than just moving traditional assets onto the blockchain.

The secret to Hyperliquid's success dismantled from the five-layer financial stack

Hyperliquid is not a DEX that continuously adds features, but rather a financial operating system built in a strict sequence.

After Futu Securities was banned, will buying stocks on-chain be the new remedy?

If it moves steadily, it may be an important stop for financial assets on the blockchain; if treated as a detour tool, it will become the next risk site.

Why Crypto Traders Are Watching Gold and Nasdaq Again in 2026

Bitcoin is ranging while gold and Nasdaq volatility surge in 2026. Discover why crypto traders are using USDT to trade gold, silver, and global indices without a traditional brokerage account.

It's easy to conquer a city, but difficult to govern it: Polymarket wants to establish a presence globally but still has to bow down everywhere

How can a system born from decentralization and without permission embed regulatory frameworks based on sovereignty, licensing, and consumer protection?