Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Solana treasury-focused Upexi files for up t Finance Share Share this article Copy linkX (Twitter)LinkedInFacebookEmail Solana treasury-focused Upexi files for up t

Solana treasury-focused Upexi files for up to $1 billion capital raise

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Solana treasury-focused Upexi files for up to $1 billion capital raise

The company manages a portfolio of consumer brands and holds about 2 million SOL, making it the fourth-largest solana treasury of any public company.

By Francisco Rodrigues, AI Boost|Edited by Sheldon Reback
Dec 23, 2025, 4:30 p.m.
Solana treasury company Upexi filed to raise up to $1 billion (Amjith S/Unsplash/Modified by CoinDesk)

What to know:

  • Upexi, a crypto treasury firm focused on solana (SOL), filed a $1 billion shelf registration with the SEC to raise capital through various securities offerings.
  • The company manages a number of consumer brands and holds some 2 million SOL tokens, making it the fourth-largest SOL treasury of any public company.
  • The proceeds from potential securities sales could be used for purposes, including working capital, research and development and debt repayment, and come after the company's shares have lost over 50% of their value this year.

Upexi (UPXI), a Nasdaq-listed crypto treasury firm focused on solana SOL$124.15, filed to raise as much as $1 billion in a shelf registration with the U.S. Securities and Exchange Commission (SEC),

The move gives the company the flexibility to raise capital by selling common stock, preferred shares, debt instruments, warrants or units in one or more offerings over time.

STORY CONTINUES BELOW
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Based in Tampa, Florida, Upexi manages a number of consumer brands including Cure Mushrooms medicinal products and Lucky Tail pet care. It also manages the fourth-largest SOL treasury of any public company, with more than 2 million tokens ($248 million) on its balance sheet.

Proceeds from the securities sales, if and when executed, could be used for working capital, research and development, acquisitions and debt repayment, among other general purposes.

The company’s shares fell almost 7% on Tuesday to $1.85. Year-to-date, UPXI has lost about 50% of its value, while SOL dropped by 34%.

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AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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