Solana treasury firm Upexi (UPXI) announced the signing of a $500 million equity credit line agreement with Alliance Global Partners.
According to the announcement made today, Upexi will be able to sell up to $500 million of common stock under this agreement to cover general corporate expenses and finance the SOL acquisition.
“This credit line provides Upexi with additional capital raising flexibility and the ability to grow its Solana position,” said Upexi CEO Allan Marshall. “Moreover, this deal was executed with zero fees and very advantageous terms, representing a low-cost source of capital.” Marshall added that the company now has a wide range of suitable, high-yield financing tools to grow its Solana treasury.
Upexi attracted attention as one of the first small-cap companies to announce its intention to include an altcoin like Solana on its balance sheet. This approach quickly became a widespread trend in the cryptocurrency industry.
According to the latest data, Upexi holds 1.9 million SOL, with a total value of over $381 million.
*This is not investment advice.