Upexi has sought the U.S. SEC’s green light to issue $1 billion worth of shares, preferred stock, and other units to raise capital to scale the SOL DAT treasury (DAT). The e-commerce developer began its SOL DAT strategy in January and has aggressively increased its stash to 2.03 million SOL tokens, worth $254 million at current prices. Most of SOL DAT’s momentum was built up in the second half of 2025, and from July to December total SOL treasury holdings surged from 3 million to over 16 million. Since their debut in late October, the products have consistently recorded weekly inflows totaling $750 million, and ETF demand surged by about $750 million over the past three months despite broader bearish sentiment limiting SOL’s recovery prospects.
The 1-month liquidation heatmap marked out $120 and $130 as key areas that could attract price action in the near term. Beyond $130, the $135-$137 could become a key upside target, while the downside floor to track was $100 if $120 support cracks. Upexi pushes to increase its SOL holdings during this discounted window. These dynamics suggest growing conviction to expand exposure at a temporarily discounted valuation, despite ongoing market headwinds.
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