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Upexi, a Solana treasury company, submitted a $1 billion shelf registration application to the SEC.
On December 24, Upexi, a company listed on the US stock market for Solana encryption treasury (DAT), submitted a $1 billion shelf registration application to the SEC to raise funds through various securities issuance methods. The company currently holds approximately 2 million SOL Tokens, making it the fourth largest SOL asset holder among listed companies. The potential funds raised can be used for various purposes, including working capital, R&D, and debt repayment. Notably, Upexi's stock price has fallen from its peak of $22.57 in May to $1.825, and it has dropped another 8.3% today, with a current market capitalization of $115 million.