Source: CryptoBriefing
Original Title: Solana treasury Upexi plans $1B capital raise to support operations and investments
Original Link: https://cryptobriefing.com/solana-treasury-raise-upexi/
Upexi, a Solana-focused treasury company, plans to establish a shelf registration authorizing up to $1 billion in potential securities offerings, according to a recent SEC disclosure.
The filing covers common and preferred stock, debt securities, warrants, and units, which may be issued over time.
Upexi stated that net proceeds from any future offerings would be used for general corporate purposes, which may include working capital, capital expenditures, research and development, acquisitions or investments, repayment or refinancing of indebtedness, and other strategic opportunities.
The Tampa, Florida-based consumer products company has broadened its strategy to include a digital asset treasury program. The initiative is focused on acquiring, holding, and staking Solana as part of its long-term corporate treasury approach.
According to available data, Upexi currently holds over 2 million SOL, now the fourth-largest Solana treasury vehicle.
SOL has seen a sharp decline over the past few months amid a broader market pullback. The digital asset was trading at around $125 at press time, representing a drop of more than 40% over the last three months.
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CryptoDouble-O-Seven
· 12-25 22:21
Wait, 2 million SOL? How much is that? Let's do the math... Is this for real?
View OriginalReply0
CountdownToBroke
· 12-24 06:57
2 million SOL can still hold steady; this wave won't cause a loss.
View OriginalReply0
WhaleSurfer
· 12-23 17:16
Holding 2 million SOL, that's some guts... The market is falling like this and still dare to finance, is it really optimistic or being forced?
View OriginalReply0
BtcDailyResearcher
· 12-23 13:51
2 million SOL is still being used to buy the dip; this move is really bold. When the market falls, they are instead accumulating... But is this financing a bit hasty?
Solana treasury Upexi plans $1B capital raise to support operations and investments
Source: CryptoBriefing Original Title: Solana treasury Upexi plans $1B capital raise to support operations and investments Original Link: https://cryptobriefing.com/solana-treasury-raise-upexi/ Upexi, a Solana-focused treasury company, plans to establish a shelf registration authorizing up to $1 billion in potential securities offerings, according to a recent SEC disclosure.
The filing covers common and preferred stock, debt securities, warrants, and units, which may be issued over time.
Upexi stated that net proceeds from any future offerings would be used for general corporate purposes, which may include working capital, capital expenditures, research and development, acquisitions or investments, repayment or refinancing of indebtedness, and other strategic opportunities.
The Tampa, Florida-based consumer products company has broadened its strategy to include a digital asset treasury program. The initiative is focused on acquiring, holding, and staking Solana as part of its long-term corporate treasury approach.
According to available data, Upexi currently holds over 2 million SOL, now the fourth-largest Solana treasury vehicle.
SOL has seen a sharp decline over the past few months amid a broader market pullback. The digital asset was trading at around $125 at press time, representing a drop of more than 40% over the last three months.