Upexi has entered into a securities purchase agreement with Hivemind Capital Partners, securing approximately $36 million in convertible bonds backed by Solana (SOL). The bonds, which carry an annual interest rate of 1% and pay quarterly, have a 24-month term and a fixed conversion price of $2.39 per share, above the closing price of $2.12 on the signing day. Upon completion, the SOL will be added to Upexi's treasury, with the company's Solana inventory expected to exceed 2.4 million bonds. This transaction is structured as a private placement, not a public offering, and the securities are not initially registered in the United States. They can only be resold under a valid registration statement or exemption.