Consumer products company Upexi is bolstering its Solana treasury, raising $200 million to fund business operations as well as further SOL purchases, it announced on Friday. The funds will come from two separate financing vehicles, with $50 million in net proceeds expected via an equity offering and $150 million from the sale of convertible notes.
Upexi, a Nasdaq-listed consumer goods and cryptocurrency-focused brand, announced the successful completion of a $200 million private financing round. The round included a stock issuance and convertible bond sales, with a significant portion of the investments denominated in Solana (SOL). According to the company’s press release, this funding consists of two parts: $50 million stock
RWAs are seeing rapid growth as Blocksquare reported $200 million in tokenized real estate assets. Real-world assets are becoming a significant force in real estate. On Friday, July 11, Blocksquare, an infrastructure provider for real estate tokenization, announced it had surpassed $200 million in tokenized assets on chain. The milestone comes as tokenized RWAs have
Bloomberg claims cryptocurrency companies and projects linked to the Trump family may have received “behind-the-scenes” support from Binance, the world’s largest crypto exchange, months before its founder, Changpeng Zhao, known as “CZ,” publicly applied for a presidential pardon. According to a Bloomberg exclusive on Friday, the arrangement had not been previously disclosed. However, Binance allegedly
U.S. stocks slipped on Friday, with the Dow Jones Industrial Average opening 250 points lower following President Donald Trump’s 35% tariff against Canada. With stocks having reached new all-time highs in recent weeks, trading on July 11 was largely a reaction to fresh trade war concerns. As the Dow fell 250 points, the S&P 500
Apart from Bitcoin (BTC), altcoins such as Ethereum, XRP and Solana also began to attract attention within the scope of the treasury strategy. At this point, while many companies have added altcoins such as ETH and XRP to their reserves, the latest move came from Thumzup, where US President Donald Trump’s son, Donald Trump Jr.,
Piero Cipollone, member of the ECB executive board, highlighted the relevance of the digital euro for the health of sovereign payments in Europe. He also remarked that such a solution would maintain banks in the financial loop, while stablecoins seek to sidestep them. ECB Defends Digital Euro Thesis as Sovereign Cash Alternative The European Central
As the adoption of Bitcoin and altcoins continues to grow at a rapid pace, Türkiye cannot remain indifferent to this development. At this point, the final move came from Koç Holding. Koç Holding, which has attracted attention with its technology investments in recent years, has now turned its attention to the cryptocurrency sector. Yapı Kredi,