Solana treasury Upexi slides 7.5% on $1B shelf registration submitting

Shares in Upexi closed Tuesday down 7.5% after it filed to boost as much as $1 billion to broaden its Solana treasury and pursue different alternatives associated to the token.

Upexi mentioned in its shelf registration submitting to the Securities and Change Fee on Tuesday that the increase might cowl frequent and most well-liked inventory, debt securities, warrants and models, which can be issued over time.

It mentioned internet proceeds from the providing could be used for common company functions. The corporate primarily focuses on accumulating as a lot Solana (SOL) as doable and staking it to be rewarded with further tokens.

Upexi holds 2.1 million SOL value $262.3 million, making it the fourth-largest company Solana treasury firm, CoinGecko knowledge reveals.

Solana treasury purchases have slowed considerably within the again half of 2025 amid a broader crypto market pullback, together with waning confidence within the sustainability of crypto treasury methods.

Shares in Upexi (UPXI) closed Tuesday down 7.54% to $1.84, however noticed a small reprieve after the bell, gaining 4.34% to $1.92.

Upexi’s enterprise was centered round shopper merchandise and e‑commerce earlier than pivoting to a Solana treasury firm in late April.

Associated: Eclipse brings Solana’s parallel runtime to Ethereum

Nonetheless, it hasn’t made a Solana buy since July 23 and has seen the worth of its SOL stash tumble from a peak of round $525 million in mid-September to $262.3 million at present costs. 

The corporate is presently holding a 19% paper loss on its Solana treasury.