
Upexi Secures $500M Equity Line to Strengthen Solana Treasury and Staking Strategy
Upexi Inc., a Nasdaq-listed consumer brand company, announced a new $500 million equity line agreement on Monday, significantly expanding its ability to scale Solana (SOL) holdings and enhance its staking strategy. The facility, arranged with A.G.P./Alliance Global Partners, provides flexible access to capital via discretionary stock issuance, with no commitment fee and favorable terms.
According to the company’s press release, proceeds will be used for general corporate purposes and to further build out its Solana treasury—a position that has grown substantially in recent months. CEO Allan Marshall highlighted the strategic nature of the arrangement, noting that it offers “multiple tools to raise capital in the most cost-effective and accretive manner.”
This development follows Upexi’s July 21 disclosure that it acquired an additional 100,000 SOL, funded through a $200 million private placement. That purchase brought total holdings to 1.82 million SOL, valued around $331 million at the time. Notably, over half of those tokens were bought in locked form at a discount, contributing to an estimated $58 million in unrealized gains.
Nearly all of Upexi’s SOL has since been staked, with projected annual yield approaching $26 million at current rates. The company also introduced a new metric, the Basic mNAV, comparing market cap to the dollar value of its SOL reserves, which stood at 1.2x as of July 18.
The expanded equity line may enable Upexi to deepen its influence on institutional altcoin strategies, as it continues to position SOL as a core treasury asset. However, Solana’s price action on Monday reflected some hesitation. SOL fell 0.99% to $187.35, amid a volatile session.
Solana Price Action – Technical Summary (July 27–28)
- 24-hour Range: $186.38 to $194.99 (4.47% swing)
- Early Rally: Price surged 4.59% to $194.99 by 05:00 UTC
- Selloff Phase: Dropped from $192.82 to $187.38 (12:00–14:00 UTC)
- Recovery: Rebounded to $188.81 in final hour, breaking resistance at $188.50
- Volume Spike: Hit 39,417 units at 15:32 UTC, signaling possible institutional reentry
Despite short-term price weakness, renewed volume late in the session suggests traders are watching closely for further developments in Upexi’s treasury strategy or broader market catalysts.
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