Upexi plans to raise $23 million through a private placement to strengthen its SOL Treasury strategy.

Nasdaq-listed Upexi (UPXI) announced a private placement of up to $23 million in shares and warrants to support its core Solana treasury strategy. The offering price is $3.04 per share including warrants, raising an initial $10 million, with an additional $13 million if all warrants are exercised.