According to Mars Finance, Upexi, a Nasdaq-listed Solana treasury company, announced a securities purchase agreement with Hivemind Capital Partners to raise $36 million. The issuance is expected to close around January 14, 2026, subject to customary closing conditions. The notes are backed by locked SOL tokens and will be incorporated into the company's Solana treasury upon completion of the transaction. This transaction is expected to increase Upexi's SOL holdings by 12% to over 2.4 million SOL, making it the second-largest corporate SOL holder after Forward Industries, which holds 6.9 million SOL.
Solana treasury company Upexi has entered into a securities purchase agreement to raise $36 million.
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