Upexi Aims for $200M War Chest to Supercharge Solana Bet

Solana bulls just got fresh ammunition—Upexi's gunning for a $200 million raise to double down on its high-speed blockchain play.

Why it matters: This isn't just another funding round. It's a leveraged bet on Solana's ability to outpace Ethereum's gas guzzlers and Bitcoin's digital gold narrative.

The strategy: While traditional VCs chase AI hype trains, Upexi's putting chips on crypto's most battle-tested layer 1. The $200M target suggests conviction—or desperation to catch the next SOL rally.

Between the lines: That 'planned' raise smells like a hedge fund manager's third divorce settlement—optimistic, painful, and probably requiring champagne afterwards.

Expanding the Solana Treasury

Upexi expects to close both offerings by mid-July. The equity portion will help fund operations, while the rest targets more Solana purchases. Moreover, the SOL received from the Note Offering will go straight into the company’s treasury.

The company already manages a crypto portfolio as part of its cash strategy. Notably, Solana’s price is at $160.48, down 4.18% in 24 hours, showing volatility that Upexi seems willing to ride.

Meanwhile, Grayscale continues to push the SEC to approve its Solana ETF. The regulator’s delay, according to Grayscale, is harming investors. Despite regulatory uncertainty, Upexi appears undeterred.

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