SOL Treasury Company Upexi filed Form S-3 with the U.S. Securities and Exchange Commission (SEC) for a $1 billion shelf registration application.

Odaily Planet Daily reports that Upexi, the US-listed Solana crypto treasury (DAT) company, plans to file for a $1 billion shelf registration with the US Securities and Exchange Commission (SEC) on Form S-3 to raise funds through various securities offerings. Upexi stated that this adjustment will improve the company's fundraising efficiency and reduce overall transaction costs through more flexible timing and pricing mechanisms, thereby supporting its Solana asset management strategy. Currently, the company holds approximately 2 million SOL tokens, making it the fourth-largest SOL holder among publicly traded companies. The potential proceeds can be used for various purposes, including working capital, research and development, and debt repayment. Once the registration statement becomes effective, the company will use this mechanism in accordance with management's judgment, provided it is beneficial to the adjusted value of each Solana share. (CoinDesk)