Nasdaq-listed Upexi Secures $500M Equity Line To Grow Solana Holdings

Upexi Inc., a Nasdaq-listed consumer brand company, has secured a $500 million equity line with Alliance Global Partners to support its Solana-focused treasury strategy. The agreement enables Upexi to issue stock at its discretion, with funds directed toward general corporate needs and expanding its SOL portfolio.

This move follows Upexi’s July 21 acquisition of 100,000 SOL, funded via a $200 million private placement. The purchase brought Upexi’s total SOL holdings to 1,818,809 tokens, valued at around $331 million at the time. A majority of these were locked acquisitions at a discount, resulting in an estimated unrealized gain of $58 million.

Nearly all of Upexi’s SOL is now staked, generating potential annual yield revenue of up to $26 million. The company has also introduced a new metric, “Basic mNAV,” comparing its market cap to the value of its SOL holdings — a figure that stood at 1.2x as of July 18.

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