According to the latest news, Solana ecosystem treasury management company Upexi listed on NASDAQ has signed a securities purchase agreement with investor Hivemind Capital Partners, planning to raise $36 million. This financing is substantial and is scheduled to be completed by mid-January 2026, subject to usual closing conditions.

It is noteworthy that the supporting asset for this financing is locked SOL tokens. Once the transaction is completed, these SOL will be added to Upexi's corporate treasury, directly increasing its SOL holdings. According to calculations, this financing will increase Upexi's SOL position by 12%, ultimately surpassing the 2.4 million mark.

What does this number mean? Upexi will become the world's largest enterprise-level SOL holder, second only to Forward Industries, which holds 6.9 million SOL. In other words, the confidence of professional institutions in Solana within the entire ecosystem continues to be released, and large-scale capital deployment is accelerating. From the perspective of holdings structure, treasury companies like Upexi and Forward Industries are quite optimistic about SOL in the long term. This sustained institutional-level accumulation often reflects market expectations for the ecosystem's development prospects.