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Stock impact report

Upexi Shares Slide After $1B Filing to Expand Solana Treasury [Yahoo! Finance]

Upexi, Inc. (UPXI) 
Company Research Source: Yahoo! Finance
Key Takeaways: Upexi shares fell after the company filed to raise up to $1 billion to expand its Solana treasury. The firm holds 2.1 million SOL worth about $262 million but has paused purchases amid a broader market pullback. Declining Solana prices have cut the value of Upexi's treasury by more than half from its peak. The stock closed down 7.5% at $1.84 following the filing, though it recovered some ground in after-hours trading, rising 4.3% to $1.92, according to Google Finance data. In a shelf registration statement filed with the US Securities and Exchange Commission, Upexi said the offering could include common and preferred stock, debt securities, warrants and units issued over time. The company said proceeds would be used for general corporate purposes, with a primary focus on accumulating Solana and staking the tokens to generate additional yield. Upexi currently holds 2.1 million SOL valued at about $262.3 million, making it the fourth-largest corporate Solan Show less Read more
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