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Solana-based Treasury company Upexi files $1 billion shelf registration with the SEC

2025.12.24 00:41:41

On December 24, Upexi—the U.S.-listed Solana (SOL) crypto treasury firm tied to DAT—filed a $1 billion shelf registration statement with the U.S. Securities and Exchange Commission (SEC) to raise capital via various securities offerings. The company currently holds roughly 2 million SOL tokens, ranking it as the fourth-largest listed company holder of SOL assets. Potential proceeds may be allocated to working capital, research and development (R&D), and debt repayment. Notably, Upexi’s stock has plummeted from a May peak of $22.57 to $1.825, with an additional 8.3% intraday drop today. Its market capitalization stands at $115 million.
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