Solana treasury company Upexi submits $1 billion shelf registration application to the US SEC
BlockBeats News, on December 24, Upexi, a US-listed Solana crypto treasury (DAT) company, submitted a $1 billion shelf registration application to the US Securities and Exchange Commission (SEC) to raise funds through various securities offerings. The company currently holds about 2 million SOL tokens, making it the fourth largest SOL asset holder among listed companies. The potential proceeds may be used for a variety of purposes, including working capital, research and development, and debt repayment.
It is worth noting that Upexi's share price has fallen from a peak of $22.57 in May to $1.825, with another 8.3% drop during today's session. Its current market capitalization is reported at $115 million.
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