UPEXI, INC. (UPXI): debt financing — 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.

item 1.01 item 2.03 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.95

UPEXI, INC. incurred credit facility of up to $20,000,000 with BitGo Prime, LLC at 11.5% per year maturing one year.

Instrument: credit facility
Principal: up to $20,000,000
Counterparty: BitGo Prime, LLC
Rate: 11.5% per year
Maturity: one year
Event: incurrence

Exact text from the filing

On May 23, 2025, Upexi, Inc. (the “Company”), entered into a credit facility with BitGo Prime, LLC (“BitGo”). Pursuant to a Master Loan Agreement (the “Agreement”) the Company may borrow up to $20,000,000 of Digital Currency or United States Dollars with interest at the rate of 11.5% per year. The term of the credit facility is for one year and is renewable for successive one year options.

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UPEXI, INC. filing history →

Source: SEC EDGAR

accession 0001477932-25-004219

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