Consumer products company Upexi is bolstering its Solana treasury, raising $200 million to fund business operations as well as further SOL purchases, it announced on Friday. 

The funds will come from two separate financing vehicles, with $50 million in net proceeds expected via an equity offering and $150 million from the sale of convertible notes. Each offering is expected to close next week. 

“Today, we announced a blockbuster deal with a $150 million in kind convertible note led by Big Brain Holdings and a $50 million equity private placement,” the firm posted on X. “Net proceeds will be used to buy more SOL.”

The $150 mil

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Author: Logan Hitchcock

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