Upexi aims to raise $1 billion in capital for Solana.

Upexi Files Registration Application with the SEC

Upexi, a crypto treasury firm focused on Solana (SOL), has filed a registration application with the SEC for $1 billion. This step aims to raise capital through various securities.

The company manages a variety of consumer brands and holds approximately 2 million SOL tokens, making it the fourth largest SOL treasury among publicly traded companies.

Revenue from potential securities sales could be used for various purposes such as working capital, research and development, and debt repayment. This development comes after the company's shares lost more than 50% of their value this year.