SOL Treasury company Upexi plans to raise $23 million to strengthen SOL Treasury's strategy.

According to Odaily Planet Daily, Nasdaq-listed Upexi announced a securities purchase agreement with a single institutional investor to issue approximately 3.29 million ordinary shares and an equal number of warrants at a price of $3.04 per share, with an exercise price of $4.00 per warrant, raising a total of $23 million to support its core Solana treasury strategy.