2026-01-13 16:12:13

Upexi has reached a financing agreement with Hivemind Capital Partners. The deal involves a $36 million convertible note issuance, collateralized with SOL as consideration.

Regarding the financing details, the note has an annual interest rate of 1.0%, paid quarterly; a fixed conversion price of $2.39 per share; and a total term of 24 months. Notably, this financing does not involve any underwriters, and the closing is expected to be completed on January 14.

The post-transaction impact is even more noteworthy. Upexi's SOL reserves are expected to increase by 12%, which means the company's strategic position within the SOL ecosystem will be further strengthened. For participants in the SOL ecosystem, such institutional-level reserve growth often influences the overall development pace of the ecosystem.

SOL1,36%

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ContractFreelancer

· 2h ago

Another big move in the SOL ecosystem, a 12% reserve increase sounds pretty impressive.

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NFTregretter

· 2h ago

The SOL ecosystem is about to be cut again by these institutional players. A 12% reserve increase sounds impressive, but what's the reality?

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MetaMaximalist

· 2h ago

yo the 1.0% rate is basically them calling it a charity move lol... but that 12% reserve bump actually signals something real about sol's institutional credibility rn

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ForumMiningMaster

· 2h ago

Another big move in the SOL ecosystem, with $36 million directly invested. This move is quite bold. SOL reserves are set to increase by another 12%. At this rate, Upexi's influence in the ecosystem is becoming increasingly significant... However, a 1.0% annual interest rate is really attractive. For Hivemind, this is definitely a cost-effective deal. The key point is that no underwriters are involved. Was this directly negotiated? The financing efficiency does seem high, with settlement on January 14th... This speed is a bit fast; were all the arrangements made in advance?

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DegenDreamer