PANews reported on November 26th that, according to The Block, Nasdaq-listed Upexi (UPXI) announced a private placement of up to $23 million in stock and warrants to support its core Solana treasury strategy. The offering price is $3.04 per share including warrants, initially raising $10 million, with an additional $13 million if all warrants are exercised. Despite recent market corrections causing its Solana holdings to lose over $200 million in value, Upexi remains committed to a long-term holding strategy and will use the proceeds for general operations and further Solana accumulation.