Upexi enters $20M credit facility with BitGo to buy locked SOL; now holds 679,677 SOL worth $121M

UPEXI, INC.

Credit facility up to $20M at 11.5% interest, one-year term renewable; collateralized by treasury assets at BitGo at 260% initial margin.
Outstanding balance of $11.8M used to purchase 77,879 locked SOL at $151.50 each on May 27, 2025.
Total SOL holdings now 679,677, acquired for $96.5M and valued at $121.2M at $178.26, representing a $24.5M gain.
Purchase provides a built-in gain of $2.1M (17.7%) due to discount on locked tokens; 58% of SOL is locked and discounted.
CEO states strategy is to acquire and HODL SOL, effectively doubling staking yield for shareholders.

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