Upexi, a Nasdaq-listed corporate treasury company focused on the Solana ecosystem, has announced a capital raise of up to $23 million through a private placement. The company, which currently holds over 2 million SOL, intends to use the capital to bolster its Solana treasury strategy and for general corporate purposes. The funding structure involves an immediate injection of $10 million, with an additional tranche of up to $13 million available later. The offering includes common stock and warrants, mirroring a growing trend of public companies adopting specific cryptocurrency treasury strategies. [Update 1] Upexi has officially priced the offering, confirming the deal structure includes common stock and warrants. The transaction is expected to close around December 1, further solidifying the company's commitment to its Solana acquisition strategy.