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SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of Upexi, Inc. (NASDAQ: UPXI)
Prnewswire· 2025-08-11 12:00
Core Viewpoint - Purcell & Lefkowitz LLP is investigating Upexi, Inc. to determine if its directors breached fiduciary duties related to recent corporate actions [1] Group 1: Investigation Details - The investigation is on behalf of Upexi's shareholders [1] - Shareholders interested in their rights and options can contact the law firm for more information [1] Group 2: Law Firm Background - Purcell & Lefkowitz LLP specializes in representing shareholders affected by securities fraud and corporate misconduct [2] - The firm emphasizes its commitment to shareholder rights nationwide [2]
Upexi Surpasses 2 Million SOL in its Treasury
Globenewswire· 2025-08-05 12:00
Core Insights - Upexi, Inc. experienced significant growth in July 2025, raising over $200 million and increasing its Solana holdings by 172% to 2 million SOL, which is valued at approximately $334 million as of August 4, 2025 [2][5]. Treasury Update - As of August 4, 2025, Upexi holds 2,000,518 SOL, up from 735,692 SOL at the end of June 2025, representing a 172% increase [5]. - The net asset value of the SOL holdings is approximately $334 million, calculated using the SOL price of $167.26 [5]. - Upexi has approximately 0.0339 SOL per common share, equating to $5.68 per common share [5]. - The company is earning an estimated 8% staking yield, generating around $65,000 daily in revenue [5]. Business Initiatives - Upexi made multiple purchases of Solana during July, including 100,000 SOL on July 21 and 83,000 SOL on July 23 [5]. - The company’s treasury strategy includes a significant portion of locked SOL, approximately 57% of the portfolio, purchased at a discount to the spot price [5]. Market Performance - Solana recorded strong growth metrics in July 2025, with daily active addresses increasing by 144% year-over-year to 4.4 million and daily transactions rising by 62% to $3.4 billion [6]. - The total value locked (TVL) in Solana reached $8.7 billion, marking a 98% increase year-over-year [6]. Valuation Metrics - Upexi's stock traded at a Basic mNAV of 0.9x and a Fully-Loaded mNAV of 1.6x as of August 4, 2025 [5][8]. - The adjusted market cap, considering potential conversions of convertible notes, is approximately $472.8 million [9].
Upexi to Participate in Fireside Chat at Canaccord Genuity’s 45th Annual Growth Conference on August 12th-14th
Globenewswire· 2025-07-30 12:00
TAMPA, Fla., July 30, 2025 (GLOBE NEWSWIRE) -- Upexi, Inc. (NASDAQ: UPXI) (the "Company" or "Upexi"), a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, today announced that management will participate in a fireside chat moderated by Joseph Vafi, Managing Director of Equity Research at Canaccord Genuity LLC, on Wednesday, August 13th at 1:30 p.m. ET at the Canaccord Genuity 45 Annual Growth Conference taking ...
X @CoinDesk
CoinDesk· 2025-07-28 16:07
🚨 NEW: Upexi ($UPXI) announces a $500M equity line agreement with A.G.P.The raise supports Upexi’s Solana treasury strategy and offers zero fees, full discretion, and no commitment costs. https://t.co/Bii57TAdbv ...
Upexi Purchases 83,000 SOL, Grows Treasury to 1.9 Million SOL Worth $381 Million
Globenewswire· 2025-07-23 12:00
Core Viewpoint - Upexi, Inc. has acquired 83,000 SOL for $16.7 million, increasing its total holdings to 1.9 million SOL valued at over $381 million, indicating a strong commitment to the cryptocurrency market [1][2]. Group 1: Acquisition Details - The acquisition price for the 83,000 SOL was $201.34 per SOL, totaling $16.7 million [1]. - Upexi's total cryptocurrency holdings now amount to 1.9 million SOL, worth over $381 million based on a spot price of $200.60 [1]. Group 2: Strategic Positioning - CEO Allan Marshall highlighted the progress in U.S. digital asset legislation, which could lead to mass adoption of blockchain technology, positioning both Solana and Upexi to benefit from this trend [2]. - The company plans to continue purchasing and holding Solana to enhance shareholder value [2]. Group 3: Company Overview - Upexi specializes in the development, manufacturing, and distribution of consumer products and has diversified into the cryptocurrency sector [2]. - The company is actively managing a cryptocurrency portfolio as part of its treasury strategy [2].
Upexi Grows Treasury to 1.819 Million SOL Worth $331 Million with a $58 Million Unrealized Gain in Under Three Months
Globenewswire· 2025-07-21 12:00
Core Insights - Upexi has acquired an additional 100,000 SOL, increasing its total holdings to 1,818,809 SOL valued at approximately $331 million, and anticipates generating up to $26 million in annual staking revenue based on current holdings [1][3][4] Treasury and Staking Update - The recent purchase of 100,000 SOL was made for $17.7 million, or $176.77 per SOL, marking a 147% increase in holdings from 735,692 SOL at the end of June [2] - Upexi's total SOL holdings were acquired for $273 million, with an unrealized gain of approximately $58 million due to SOL appreciation and discounts on locked SOL [2] Financial Metrics - As of July 18, Upexi's market cap stood at $402 million, with a Basic mNAV of 1.22, indicating the market cap is 1.2 times the value of the SOL held [5] - The adjusted market cap, assuming certain financial adjustments, is estimated at $705 million, leading to a Fully-Loaded mNAV of 2.13, which is 2.1 times the adjusted value of the SOL held [8][9] Management Commentary - Upexi's CEO highlighted the company's innovative capital raises and the strategic growth of its treasury, emphasizing confidence in creating significant shareholder value through various mechanisms [4] - The Chief Strategy Officer noted the favorable positioning of Upexi in the blockchain space, anticipating benefits from increasing adoption and potential legislative changes in the U.S. [4]
Upexi Announces Closing of Approximately $150 Million Private Placement of Convertible Notes as Part of Previously Announced $200 Million Concurrent Offering
Globenewswire· 2025-07-17 12:00
Core Viewpoint - Upexi, Inc. has successfully closed a private placement convertible note offering, raising approximately $150 million, alongside a previously disclosed $50 million equity offering, resulting in total gross proceeds of around $200 million before expenses [1][2]. Group 1: Note Offering Details - The convertible notes have an interest rate of 2.0% payable quarterly, a fixed conversion price of $4.25 per share, and a maturity period of 24 months [2]. - The notes are collateralized by Solana (SOL) provided by the holders, and the SOL acquired will be part of the Company's treasury [2][3]. - Big Brain Holdings acted as the lead investor in the note offering, contributing to the increase of the Company's SOL holdings from approximately 735,692 to 1.65 million SOL [3]. Group 2: Financial Impact - The total gross proceeds from the note offering and the equity offering amount to approximately $200 million before deducting placement agent fees and other expenses [2]. - The Company has diversified its asset management strategy by entering the cryptocurrency space, indicating a strategic shift in its financial operations [6]. Group 3: Company Overview - Upexi, Inc. specializes in the development, manufacturing, and distribution of consumer products and has expanded into the cryptocurrency industry [6].
Upexi Announces Closing of $50 Million Private Placement Equity Offering
Globenewswire· 2025-07-15 12:36
Core Insights - Upexi, Inc. has successfully closed a private placement equity offering of 12,457,186 shares of common stock at a price of $4.00 per share, generating approximately $50 million in gross proceeds before expenses [1][2] Group 1: Equity Offering Details - The equity offering involved accredited investors, qualified purchasers, and institutional investors, including the CEO and a director of the company [1] - The shares were sold at a price of $4.00 per share, with management and board participation priced at $4.94 per share [1] - A.G.P./Alliance Global Partners acted as the sole placement agent for the offering [3] Group 2: Use of Proceeds - Proceeds from the equity offering will be used to cover placement agent fees and offering-related expenses, support general working capital needs, and advance the company's Solana treasury strategy [2] Group 3: Future Offerings - The company anticipates closing a previously disclosed $150 million convertible notes offering in exchange for Solana on or about July 16, 2025 [2]
异动盘点0714|蔚来涨超10%;高温天气影响,煤炭股走高;布鲁可解禁后继续回调;比特币创新高,相关概念股大涨
贝塔投资智库· 2025-07-14 03:59
Group 1 - Guolian Minsheng (01456) expects a net profit of RMB 1.129 billion for the first half of 2025, representing a year-on-year increase of approximately 1183% [1] - NIO-SW (09866) saw a rise of over 10% as its sub-brand, Lido, officially launched pre-sales for its new model L90, priced starting at RMB 279,900, which is competitive against similar models [1] - China CNR (01766) rose over 7% following a profit warning, with the rail transit equipment industry showing high demand and Q2 performance exceeding expectations [1] Group 2 - Coal stocks experienced a broad increase, with companies like China Qinfa (00866) and China Shenhua (01088) rising over 4%, driven by strong coal prices amid high temperatures [1] - Zijin Mining (02899) saw a rise of 1.5%, with expected net profit growth of about 54% year-on-year for the first half of the year, although short-term impacts from copper tariffs are anticipated [1] Group 3 - WanGuo Data-SW (09698) increased over 6% after its REIT completed offline inquiries with a subscription multiple of 166 times, indicating significant valuation potential [2] - Hengrui Medicine (01276) rose over 4%, reaching a new high, with expectations that its performance and business development will act as key catalysts [2] - China Shipbuilding Defense (00317) increased over 5% as the merger of two shipbuilding companies approaches completion, with Q2 performance exceeding expectations [2] Group 4 - Bitcoin-related stocks saw significant gains, with Bit Origin (BTOG.US) rising 51.72% and SharpLink Gaming (SBET.US) increasing 17.15%, driven by a surge in Bitcoin prices [3] - Gold stocks strengthened amid geopolitical tensions, with Gold ETF (GLD.US) rising 0.96% and Barrick Mining (B.US) increasing 0.71% [3] Group 5 - British Petroleum (BP.US) rose 3.55% as the company anticipates an increase in Q2 oil production and strong trading performance [7] - Huami Technology (ZEPP.US) surged over 69%, projecting a 30% revenue growth for Q2, marking its first growth in three years [7]
X @TylerD 🧙‍♂️
TylerD 🧙‍♂️· 2025-07-11 19:26
Today in Crypto Corporate TreasuriesUpexi raises another $200M to buy SOLBig week for SOL treasuries after ETH dominated the weeks beforedjohnson (@DJohnson_CPA):$UPXI Raises $200M to buy more $SOL, $50M in equity offering and $150M in convertible note offering, lead investor on the notes was Big Brain HoldingsThey expect their SOL holdings to grow from 736K to 1.6M SOL after these offeringshttps://t.co/qJGV4mGLPg ...