Upexi aims to raise 23 million USD via private placement to enhance its Sol treasury strategy

Upexi intends to raise a total of 23 million USD through a private stock placement and warrants. The fixed offering price is set at 3.04 USD per share.

Even after losing over 200 million USD due to market corrections in their Solana assets, Upexi plans to utilize the funds to enhance their operations and accumulate more SOL.