Upexi, a Nasdaq company, has raised millions of dollars to do something on SOL?

[Coin World] Nasdaq's Upexi(UPXI) has just completed a round of private sale. This time they issued over 3.28 million shares of common stock, along with subscription warrants — meaning investors will be able to buy an equal number of shares at a price of $3.04 per share in the future.

Let's first talk about the money at hand: this round directly brings in about 10 million USD. If all those subscription warrants are exercised (if cash is used for exercise), another approximately 13 million can be added. Of course, this is before deducting intermediary fees and various other expenses.

How to spend the money? The company mentioned three directions: daily operations, regular business expenses, and — here comes the key point — their internal SOL maximum return strategy. It seems that Upexi plans to make some big moves in the Solana ecosystem.