Solana-based Treasury company Upexi files $1 billion shelf registration with the SEC
BlockBeats News, December 24th, U.S.-listed Solana crypto treasury (DAT) company Upexi submitted a $1 billion shelf registration statement to the U.S. Securities and Exchange Commission (SEC) to raise funds through various securities issuance methods. The company currently holds about 2 million SOL tokens, making it the fourth largest SOL asset holder among listed companies. The potential proceeds can be used for various purposes, including working capital, R&D, and debt repayment.
It is worth noting that Upexi's stock price has dropped from a peak of $22.57 in May to $1.825, falling another 8.3% intraday today, with a market value of $115 million.
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