- Upexi at demonstrate has a market capitalisation of $140.32 million.
- The transaction will serve the corporate enhance its SOL holdings by 12% to over 2.4 million tokens.
- Solana has considered important ETF inflows as SOL ticket hovers near $140.
Upexi, Inc. talked about on Tuesday that it has entered into a securities aquire agreement with Hivemind Capital Partners for a convertible demonstrate valued at about $36 million, to be issued in alternate for locked Solana (SOL) tokens.
The transaction comes as the Nasdaq-listed company continues to lengthen its digital asset treasury.
Upexi at demonstrate has a market capitalisation of $140.32 million.
Upexi eyes extra Solana
Below the phrases outlined within the clicking release, the convertible demonstrate carries an curiosity rate of 1.0%, payable quarterly, with a fixed conversion ticket of $2.39 per part and a maturity of 24 months.
The SOL tokens supplied as consideration will be former to collateralise the demonstrate.
The securities had been issued through a interior most placement straight to Hivemind Capital Partners, and not utilizing a placement agent or underwriter fervent.
Upon finalising this deal, Upexi will spend the capital to aquire extra SOL tokens.
If carried out, DAT’s holdings of the token would upward thrust to bigger than 2.4 million SOL.
Upexi CEO Marshall talked about the corporate recorded a 34% upward thrust in adjusted SOL per part in 2025, alongside side that the deal represents “a sizable start to constructing SOL per part in 2026.”
“This transaction improves Upexi’s market topic within the Solana treasury residence, is accretive to our adjusted Solana per part would possibly soundless the Expose convert to equity, and has petite credit probability given the in-form nature of the transaction,” talked about Upexi CEO Allan Marshall.
Solana sees ETF inflows, ticket beneficial properties
The announcement comes in opposition to a backdrop of renewed energy within the Solana ecosystem, with SOL ticket gaining to above $140 as relate Solana alternate-traded funds (ETFs) continue to attract consistent institutional capital inflows.
On Jan. 12, SOL ETFs seen a total of $10.67 million in inflows, with SoSoValue showing total rating inflows at over $827 million and rating resources at over $1.14 billion.
Solana has considered consecutive rating inflows since investors pulled over $32 million from quite a lot of relate ETFs on December 3, 2025.
SOL and XRP accept posted consistent definite flows, which contrasts with the blended flows witnessed for Bitcoin and Ethereum.
This institutional curiosity has supported SOL’s ticket, which has confirmed resilience and bounced to above $140.
On January 13, 2026, the rate of Solana hovered spherical $143, up on the day as Bitcoin broke to $93,500.
