Upexi files $1B SEC shelf to expand Solana treasury as holdings top 2M SOL

Upexi has submitted a $1 billion shelf registration to the SEC to support a long-term Solana treasury strategy while ending its unused equity line of credit. The Nasdaq-listed firm holds about 2.0–2.03 million SOL, valued near $250 million and ranking it among the top four public-company holders. Management says any capital raised under the shelf will only be used if it increases adjusted Solana exposure on a per-share basis.