---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-004219"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T08:27:04.366947+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001477932-25-004219
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2025-05-28T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793225004219/0001477932-25-004219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793225004219/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-004219
- JSON: https://secwatch.observer/filing/0001477932-25-004219.json
- Plain text: https://secwatch.observer/filing/0001477932-25-004219.txt

## Key facts
- Debt Financings
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1775194/000147793225004219/0001477932-25-004219-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.