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

Upexi Files Registration Application with SEC

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

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

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