Solana-hoarding company Upexi seeks up to $1 billion in funding…aims to secure operating and investment capital

Upexi, a company that has adopted a Solana (SOL)-based financial strategy, is set to strengthen its digital-asset-focused financial structure as it pursues large-scale capital raising.

On the 23rd, crypto-focused media Crypto Briefing reported that Upexi said it is pursuing a comprehensive registration process that would allow the issuance of securities of up to $1 billion. The registration includes common and preferred stock, debt securities, warrants, and hybrid securities, and the timing and manner of issuance will be carried out in stages depending on market conditions.

Upexi explained that it plans to use the funds raised from future securities issuances for general corporate purposes such as operating funds, capital expenditures, research and development, acquisitions and investments, and repayment or restructuring of existing debt. The company said this would increase financial flexibility and support its medium- to long-term growth strategy.

Headquartered in Tampa, Florida, Upexi acquires and holds Solana and operates by staking it.

According to the outlet, Upexi currently holds more than 2 million Solana. This is the fourth-largest amount among companies that have adopted a Solana financial strategy. A significant portion of the company's balance sheet is composed of staked Solana assets.

However, amid a recent adjustment phase in the crypto market, Solana's price has been weak. Solana is recently trading around $125 and has fallen more than 40% over the past three months. The market is watching whether Upexi's large-scale fundraising plan can serve as a financial buffer during a period of increased price volatility.