Shares of Upexi fell sharply on Tuesday after the corporate filed to boost as much as $1 billion, a transfer geared toward increasing its Solana treasury and supporting different token-related initiatives.
Key Takeaways:
- Upexi shares fell after the corporate filed to boost as much as $1 billion to develop its Solana treasury.
- The agency holds 2.1 million SOL price about $262 million however has paused purchases amid a broader market pullback.
- Declining Solana costs have minimize the worth of Upexi’s treasury by greater than half from its peak.
The inventory closed down 7.5% at $1.84 following the submitting, although it recovered some floor in after-hours buying and selling, rising 4.3% to $1.92, in keeping with Google Finance knowledge.
In a shelf registration assertion filed with the US Securities and Change Fee, Upexi stated the providing might embody widespread and most well-liked inventory, debt securities, warrants and models issued over time.
Upexi Pivots to Solana Treasury Technique With $262M in SOL Holdings
The corporate stated proceeds could be used for normal company functions, with a main give attention to accumulating Solana and staking the tokens to generate extra yield.
Upexi presently holds 2.1 million SOL valued at about $262.3 million, making it the fourth-largest company Solana treasury, in keeping with CoinGecko.
The corporate adopted its Solana-focused technique in late April, pivoting away from its earlier client merchandise and e-commerce enterprise.
Nonetheless, Upexi has not added to its Solana holdings since July 23, reflecting a broader slowdown in company crypto treasury purchases within the second half of 2025.
The pullback comes as digital asset costs have declined and investor confidence in treasury-driven crypto methods has weakened.
UPEXI $UPXI publicizes $23 million non-public placement priced at $3.04 per share with warrants, a 1.3x premium to NAV.
$10 million upfront plus as much as $13 million upon warrant train at $4.00.
The Solana-focused treasury firm will use proceeds for working capital and its SOL… pic.twitter.com/m47LuNgrUU— Treasury Edge (@TreasuryEdge) November 26, 2025
The worth of Upexi’s Solana holdings has fallen sharply alongside the token’s value. At its peak in mid-September, the corporate’s SOL treasury was valued at roughly $525 million.
At present costs, that determine has dropped by greater than half, leaving Upexi with an estimated paper lack of about 19%.
Solana was buying and selling close to $123.75 on the time of writing, down 57.5% from its all-time excessive of $293.31 set in January 2025, CoinGecko knowledge reveals.
The submitting underscores the dangers going through firms which have tied their stability sheets intently to risky digital belongings, at the same time as some proceed to pursue aggressive accumulation methods in anticipation of a market rebound.
Solana Shrugs Off One of many Largest DDoS Assaults on Report
As reported, Solana has efficiently withstood an enormous distributed denial-of-service (DDoS) assault that peaked at practically 6 terabits per second, rating among the many largest ever recorded on the web.
The assault, which lasted for greater than every week, didn’t disrupt community exercise, with Solana persevering with to course of transactions usually and sustaining sub-second affirmation occasions, in keeping with knowledge shared by SolanaFloor.
The incident locations Solana alongside main centralized infrastructure suppliers reminiscent of Google Cloud, Cloudflare and AWS, which have beforehand confronted record-scale DDoS assaults.
Regardless of the dimensions of the visitors, Solana’s validators and core infrastructure absorbed the load with out efficiency degradation, highlighting enhancements within the community’s resilience in comparison with earlier durations marked by congestion and outages.
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