Upexi is preparing for new financing as its Solana-focused treasury strategy meets sharp market swings. The Nasdaq-listed company plans to raise up to $23 million through a private placement. The timing comes as both the crypto market and Upexi’s share price face heavy turbulence.
The company aims to reinforce its balance sheet and sustain its long-term Solana approach while navigating an extended downturn. The financing structure combines new equity and warrants, offering flexibility for future capital inflows.
Private Deal Priced Above Market Levels
According to the press release, Upexi entered a securities purchase agreement with a single institutional investor for 3,289,474 shares and matching warrants. The combined price of $3.04 sits above the recent at-the-market level. Each warrant carries a $4.00 exercise price and a 48-month window.
The structure allows the company to secure $10 million upfront and an additional $13 million if all warrants convert. Consequently, the deal strengthens liquidity for operations, portfolio allocation, and its internal Solana return strategy. Additionally, Upexi plans to register the new securities with the SEC soon after closing.
The company highlighted that the pricing aligns with its internal net-asset-value calculation. That benchmark includes a fully loaded Solana measure that often influences its capital planning. Hence, the premium indicates confidence in its long-term digital asset positioning.
Solana Treasury Remains Central to Corporate Strategy
Upexi holds more than 2 million SOL, making it one of the largest public corporate holders. Management continues to center the business around long-term Solana exposure. Moreover, the firm views its treasury as a strategic asset during volatile periods.
The approach focuses on maximizing returns through internal management rather than outsourced structures. Market fluctuations have created both risk and opportunity for the company as Solana trading volumes remain elevated.
Share Price Extends Multi-Week Decline
Source: Google Finance
Upexi shares traded around $2.78 after a sharp intraday drop. The price fluctuated between $2.68 and $2.80 during the session. The stock remains under pressure following a steep one-month decline.
Upexi fell more than 43% over that period, sliding from above $4.80. The chart shows persistent lower highs and lower lows. Additionally, brief rebounds failed to reverse the broader trend. Weak sentiment and reduced risk appetite continue to weigh on the stock.