Solana Treasury Giant Upexi Locks Down $500M Credit Line – Bullish Fuel for Crypto’s Hottest Ecosystem

Solana's financial infrastructure just got a half-billion-dollar boost. Upexi – the treasury management firm quietly powering SOL's institutional adoption – secured a jaw-dropping $500 million credit facility.

War chest activated: This isn't play money. That nine-figure line signals serious institutional confidence in Solana's liquidity needs as real-world assets (RWAs) flood the chain. Treasury management used to mean dusty spreadsheets – now it's algorithmic yield strategies and lightning-fast rehypothecation.

The fine print: Credit lines beat equity raises any day (no shareholder dilution, just cold hard leverage). Watch for this capital to supercharge Solana's DeFi pipelines – or disappear into some VC's 'strategic reserve' (wink). Either way, the blockchain just got a $500M adrenaline shot.

Marshall says the equity line strategy had friendly terms

The Upexi boss claimed on July 28 that his firm negotiated the new equity line with zero fees and friendly terms, representing a favorable cost of capital. He emphasized that his company had “a multitude” of capital raising tools that worked in the most “accretive” and “cost-effective manner” to grow its SOL treasury.

Marshall previously said he did not see Solana as a token, but as “the rails” that enabled “internet capital markets.” He added that owning SOL was now akin to the next generation’s infrastructure for financial markets. 

“Solana isn’t a crypto project. It’s a settlement layer for the digital economy. We hold $SOL the same way businesses once adopted AWS. Early. Strategic. Permanent.”

–Allan Marshall, CEO at Upexi

The Upexi CEO previously claimed that his firm was the first public company to raise large-scale equity through private placement for “an altcoin” treasury. He added that the company had closed two “accretive capital raises” in only three months using in-kind convertible notes.

The company’s CSO (Chief Strategy Officer), Brian Rudick, also pointed out that Upexi was well-positioned to offer investors multiple ways to benefit from Solana’s good future performance. He added that his company was the “optimal vehicle” for investors who sought exposure to altcoin digital assets.

Upexi’s SOL strategy pays off

Following the entry into the $500 million line of credit deal, Upexi’s shares (Nasdaq: UPXI) experienced a slight uptick, rising in price from $6.11 to $6.49.

The shares also had a strong trading volume of roughly 3.24 million shares on July 28. Cantor Fitzgerald analysts set a new price target for UPXI shares at $16.00, upgrading the company’s stock from a neutral to an overweight rating.

Recent insider stock buys include 161.94K shares by CEO Marshall and 11K shares by Upexi Director Lawrence Dugan. The purchases indicated increased confidence in the firm’s value by Upexi leadership.

The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.24, and a current ratio of 0.37. It also has a 50-day simple moving average (SMA) of $8.04 and a 200-day SMA of %5.95.

As of July 18, Upexi’s market cap was $402 million, which was equivalent to nearly 1.2x the value of the SOL it held. The company had an assumed “adjusted share count” of $94.2 million, translating to an “adjusted market cap” of about $705 million using July 18’s closing price. The adjusted market cap was equal to 2.1x the adjusted value of SOL it held.

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