Upexi Enters $500 Million Equity Line Agreement to Boost Solana Holdings

Upexi Inc., listed on Nasdaq, has secured an equity line agreement with A.G.P./Alliance Global Partners to raise up to $500 million. This capital will be used to expand its Solana treasury holdings through strategic stock sales.

Key points of the announcement include:

• Equity line allows Upexi to issue shares at its discretion, with proceeds aimed at corporate purposes and enhancing its Solana strategy.
• A.G.P./Alliance Global Partners will act as the sole sales agent for this equity line.
• CEO Allan Marshall highlighted the flexibility and cost-effectiveness of the arrangement, negotiated with zero fees.
• Upexi is aggressively accumulating SOL tokens, currently holding approximately 1.9 million SOL valued at over $346 million.
• The firm stakes nearly all its SOL holdings, generating about 8% yield, estimating annual staking revenue of $26 million.
• Upexi's Solana treasury strategy began in April 2025 with a $100 million private placement and subsequent capital raises, including a $200 million financing round.
• The company leads the SOL treasury space, ahead of DeFi Development Corp and Mercury Fintech Holding.
• Anticipated approval of a Solana ETF and favorable crypto regulations are influencing market trends.
• As of July 28, Upexi's market cap was $316 million with a share price of $5.88, down 3.8%. The Basic mNAV metric is 1.7x, while Fully-Loaded mNAV reaches 2.1x.
• SOL traded at $184.25, down 2% in 24 hours, reflecting strong long-term performance.