- Upexi’s present market capitalization is $140.32 million.
- This transaction will enhance the corporate’s SOL holdings by 12% to over 2.4 million tokens.
- With the SOL worth hovering round $140, Solana is seeing a noticeable inflow of ETFs.
Upexi, Inc. introduced Tuesday that it has entered right into a securities buy settlement with Hivemind Capital Companions for about $36 million value of convertible notes to be issued in trade for locked Solana (SOL) tokens.
The transaction comes because the Nasdaq-listed firm continues to increase its digital asset treasury.
Upexi’s present market capitalization is $140.32 million.
Upekshi has his eyes on Solana.
Beneath the phrases outlined within the press launch, the convertible notes bear an rate of interest of 1.0%, payable quarterly, a set conversion worth of $2.39 per share, and a maturity of 24 months.
The SOL tokens supplied as consideration will likely be used as collateral for the notes.
The securities have been issued by a non-public placement on to Hivemind Capital Companions with out using a placement agent or underwriter.
As soon as this transaction is accomplished, Upexi plans to make use of the funds to buy extra SOL tokens.
As soon as accomplished, DAT’s token holdings will enhance to over 2.4 million SOL.
Upexi CEO Marshall mentioned the corporate recorded a 34% enhance in adjusted SOL per share in 2025, including that the deal is “an important begin in the direction of constructing SOL per share in 2026.”
“This transaction enhances Upexi’s market place within the Solana treasury house, with the conversion of the debt into fairness accretive to Solana on an adjusted per share foundation and with restricted credit score danger given the bodily nature of the transaction,” Upexi CEO Alan Marshall mentioned.
Solana expects ETF inflows and worth will increase
The announcement comes in opposition to the backdrop of renewed power within the Solana ecosystem, with the SOL worth above $140 because the Spot Solana Change Traded Fund (ETF) continues to draw constant inflows from institutional buyers.
On January 12, the SOL ETF had complete inflows of $10.67 million, bringing SoSoValue’s complete internet inflows to over $827 million and internet property to over $1.14 billion.
Solana has seen steady internet inflows since December 3, 2025, when buyers withdrew greater than $32 million from varied spot ETFs.
SOL and XRP have constantly recorded optimistic flows, in distinction to the blended flows noticed for Bitcoin and Ethereum.
This institutional curiosity supported SOL’s worth, which confirmed resilience and rebounded above $140.
On January 13, 2026, Solana’s worth hovered round $143, rising as Bitcoin rose to $93,500 that day.