Solana treasury company Upexi reaches securities purchase agreement to raise $36 million

Odaily reported that Nasdaq-listed Solana treasury company Upexi has announced it has reached a securities purchase agreement with Hivemind Capital Partners to raise $36 million. The issuance of these notes is expected to be completed around January 14, 2026, subject to customary closing conditions. The notes will be backed by locked SOL tokens and will be incorporated into the company's Solana treasury upon completion of the transaction. This deal is expected to increase Upexi's SOL holdings by 12%, bringing its total to over 2.4 million SOL, making it the second largest corporate SOL holder after Forward Industries, which holds 6.9 million SOL. (Globenewswire)