CoinVoice has learned that Nasdaq-listed Solana treasury company Upexi announced a securities purchase agreement with Hivemind Capital Partners to raise $36 million. The bond issuance is expected to be completed around January 14, 2026, but is subject to customary closing conditions. The bonds are backed by locked SOL tokens and will be integrated into the company’s Solana treasury after the transaction is completed. This deal is expected to increase Upexi’s SOL holdings by 12%, surpassing 2.4 million SOL, making it the second-largest SOL holder after Forward Industries, which holds 6.9 million SOL.
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Solana Treasury Company Upexi reaches securities purchase agreement, plans to raise $36 million
CoinVoice has learned that Nasdaq-listed Solana treasury company Upexi announced a securities purchase agreement with Hivemind Capital Partners to raise $36 million. The bond issuance is expected to be completed around January 14, 2026, but is subject to customary closing conditions. The bonds are backed by locked SOL tokens and will be integrated into the company’s Solana treasury after the transaction is completed. This deal is expected to increase Upexi’s SOL holdings by 12%, surpassing 2.4 million SOL, making it the second-largest SOL holder after Forward Industries, which holds 6.9 million SOL.