Upexi, a publicly listed company in the US stock market, has completed a $200 million private sale and will further increase its holdings in SOL.

Techub News reported that Upexi, a publicly traded company on the US stock market (NASDAQ: UPXI), has completed a $200 million parallel private sale, covering both common stock and convertible notes, both priced above market value. Upexi's CEO Allan Marshall also participated in this round of financing, with the issuance price of common stock set at $4 per share, while he subscribed at $4.94 per share. The common stock financing raised approximately $50 million, which is expected to deliver on July 14, with part of the funds allocated for the company's existing operations and the remainder to expand its Solana asset allocation.

In addition, Upexi will issue a total of $150 million in convertible notes, with an annual interest rate of 2%, a fixed conversion price of $4.25 per share, and a term of two years. The notes are collateralized by SOL provided by investors and will become part of the company's Solana reserves after delivery. This note financing is led by Big Brain Holdings and is expected to be delivered on July 16. After the financing is completed, Upexi's Solana reserves will increase to approximately 1.65 million, doubling from the previously disclosed 735,692. The company plans to continue using the proceeds from this round of equity financing to further increase its SOL holdings in the coming weeks.