Solana treasury Upexi plans $1B capital raise to support operations and investments

Bitcoin exchange-traded funds (ETFs) have experienced a third consecutive day of outflows, while Ether ETFs have turned positive, indicating a shift in investor sentiment. This development comes amidst a broader market context where Bitcoin and Ether have faced significant losses recently, collectively shedding $1.14 billion in value due to liquidity concerns.

Solana (SOL) is experiencing significant pressure as it struggles to maintain its price above critical support levels, currently trading in the low-$120 range following a sharp decline of 39% in the fourth quarter of 2025. Despite steady inflows into investment products, the cryptocurrency's network activity has decreased, leading to a divided market sentiment regarding its future.

Solana (SOL) token is currently trading at $124.50, having formed bearish chart patterns on the daily chart, indicating potential further downside. Key metrics for the cryptocurrency have also seen a decline in recent weeks, raising concerns among investors.

Circle has announced the circulation of €300 million of its EURC stablecoin, which complies with the Markets in Crypto-Assets (MiCA) regulation, positioning it for real-time payments and global use. This development marks a significant step in the company's strategy to enhance its stablecoin offerings within a regulated framework.

Bybit has introduced a new insurance fund mechanism for its USDT perpetual contracts, aiming to enhance market stability and reduce volatility risks for traders. This initiative is designed to create a more secure trading environment, potentially attracting a larger user base to the platform.

Glassnode's recent data indicates that net flows for Bitcoin and Ethereum exchange-traded funds (ETFs) in the U.S. have remained negative since November, signaling a decline in institutional demand for these cryptocurrencies.

BitGo has launched Aptos staking services specifically for institutional clients, enhancing their access to blockchain staking and potentially increasing the adoption of crypto assets among larger investors. This initiative marks a significant step in BitGo's strategy to cater to institutional needs in the evolving cryptocurrency landscape.

Upexi, a company managing a portfolio of consumer brands, has filed for a capital raise of up to $1 billion, leveraging its position as the fourth-largest Solana treasury among public companies with approximately 2 million SOL tokens.