Upexi Files $1 Billion Shelf Registration with SEC

According to BlockBeats, Upexi, a publicly traded company on the U.S. stock market, has submitted a $1 billion shelf registration to the U.S. Securities and Exchange Commission (SEC). The company aims to raise funds through various securities offerings. Upexi currently holds approximately 2 million SOL tokens, making it the fourth-largest SOL asset holder among publicly listed companies. The potential proceeds from this fundraising could be allocated for various purposes, including working capital, research and development, and debt repayment. Upexi's stock price has experienced a significant decline, dropping from a peak of $22.57 in May to $1.825. The stock saw an additional 8.3% decrease today, bringing the company's market capitalization to $115 million.