Upexi inks $36M deal with Hivemind Capital to boost Solana holdings
Crypto Briefing
Upexi secured a $36 million deal with Hivemind Capital to increase its Solana holdings to over 2.4 million SOL.Summary
Upexi, a digital asset treasury firm focused on Solana, has agreed to a $36 million convertible note deal with Hivemind Capital Partners, backed by locked Solana tokens. This transaction is expected to raise Upexi's total Solana holdings to more than 2.4 million SOL, potentially making it the second-largest corporate holder of SOL after Forward Industries. Upexi's CEO, Allan Marshall, stated that the deal enhances the company's market position and increases adjusted SOL per share. Hivemind's Founder, Matt Zhang, expressed confidence in Upexi's strategy and Solana as a core digital asset, viewing Upexi as a key vehicle for exposure.
(Source：Crypto Briefing)