Summary
- Upexi announced that it is seeking to raise approximately ₩376.6 billion to acquire Solana (SOL)-based digital assets.
- The funds will be raised through stock and bond issuances, with the majority intended for additional Solana purchases.
- Upexi stated its plan to accelerate its Solana-centric strategy with the raised funds and expand its cumulative holdings to 1.65 million units—more than double the current amount.
Nasdaq-listed e-commerce company Upexi is seeking to raise a total of $273 million (approximately ₩376.6 billion) to acquire Solana (SOL)-based digital assets.
According to cryptocurrency-focused media outlet Coindu on the 12th, Upexi is raising the funds through both a stock issuance and a bond issuance. Upexi plans to use a portion of the raised capital for operating expenses, but the majority will be focused on further purchasing Solana.
Through this fundraising, Upexi aims to expand its digital asset reserves and accelerate its Solana-centric strategy. The company plans to expand its cumulative Solana holdings to a total of 1.65 million units, which is more than twice its current holdings.
Meanwhile, the stock offering is scheduled to be completed by the 14th, and the bond issuance will be finalized by the 16th.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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