Upexi Inc. announced raising $100 million, planning to start accumulating the cryptocurrency Solana. The company's stock price surged over 300% in early trading. As of last week's close, Upexi's market capitalization was $3 million. The company has reached an agreement with investors to purchase approximately 43.90 million common shares or preemptive warrants at $2.28 per share through a private placement. The financing is expected to be completed on April 24.

Upexi Inc. is raising $100 million as part of a pivot that will see the company start to accumulate the cryptocurrency Solana, according to a Monday statement. The company’s shares surged more than 300% in early trading.Upexi, which had a $3 million market capitalization as of the close of trading last week, announced it has entered into agreements with investors to buy about 43.9 million shares of its common stock, or pre-funded warrants, in a private placement at a price of $2.28 per share. The closing of the offering is expected on April 24. 

Upexi Raises 100 Million USD to Start Accumulating Solana Cryptocurrency, Stock Price Soars