Nasdaq-Listed Upexi Builds $1B Flexible Capital Plan Around Major Solana Treasury

Upexi, a Nasdaq-listed consumer products company, has filed a shelf registration that would allow it to raise up to $1 billion over the next three years while deepening its Solana-based treasury strategy. The firm already holds about 2.03 million SOL, valued near $254 million, and focuses on staking and long-term holding even as its share price has dropped sharply from this year's peak. Its recent quarterly results showed $66.7 million in net income on $9.2 million in revenue, largely driven by mark-to-market gains on Solana rather than core operations.