Upexi Files to Raise $1 Billion to Expand Solana Treasury
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Funding Initiative: Upexi has filed to raise up to $1 billion to expand its Solana treasury and pursue related opportunities, yet the company's shares fell 7.5% on Tuesday, indicating market caution regarding its funding plans.
- Asset Status: Currently, Upexi holds 2.1 million SOL valued at approximately $262.3 million, making it the fourth-largest corporate Solana treasury, but its asset value has significantly declined from a peak of $525 million in mid-September, reflecting waning market confidence.
- Market Reaction: Despite closing down 7.54% at $1.84 on Tuesday, Upexi's shares saw a slight rebound of 4.34% to $1.92 in after-hours trading, suggesting some investor confidence in the company's future potential.
- Strategic Shift: Upexi transitioned from consumer products and e-commerce to a Solana treasury company in late April, yet it has not made any Solana purchases since July 23 and is currently facing a 19% paper loss, highlighting challenges in its investment strategy.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.








