The fresh capital came through a dual-track strategy: equity and crypto-backed bonds. On the equity side, CEO Allan Marshall and […]
The post Firm Secures Funding to Build $273M Solana Reserve appeared first on Coindoo.
The fresh capital came through a dual-track strategy: equity and crypto-backed bonds. On the equity side, CEO Allan Marshall and others acquired over 12 million shares at a $4.00 offering price.
The company clarified that part of these funds will support daily operations, but a significant chunk is being redirected into Solana accumulation.
The more notable piece, however, came in the form of a $150 million convertible bond sale—backed by locked-in Solana holdings.
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The bonds carry a 2% interest rate and can convert into equity at $4.25 per share. Prominent institutional players, including Big Brain Holdings, joined the round. The bond is set to mature in two years.
These moves will push Upexi’s total Solana stash to around 1.65 million SOL, more than doubling its previous holdings. The company is aiming to finalize the equity portion by July 14 and the bond tranche by July 16.
With additional SOL purchases on the horizon, Upexi’s treasury strategy echoes a broader trend among
The post Firm Secures Funding to Build $273M Solana Reserve appeared first on Coindoo.
Source: https://coindoo.com/firm-secures-funding-to-build-273m-solana-reserve/
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