Upexi, Inc. (Nasdaq: UPXI) has announced the completion of two rounds of financing, totaling $200 million. The company raised approximately $50.00 million through a private placement of common stock at a price of $4.00 per share, and also issued $150.00 million in convertible bonds with an annual interest rate of 2%, maturing in 24 months, and a conversion price of $4.25 per share.

This financing will significantly increase Upexi's Solana ($SOL) holdings. It is expected that the company will hold approximately 1.65 million $SOL after the transaction is completed, more than double the previously disclosed 735,000 SOL. Part of the proceeds from the stock issuance will be used for the company's existing business operations and general corporate purposes, and the remaining funds will be invested in the Solana treasury strategy. The company plans to continue to increase its holdings of $SOL in the coming weeks.