Upexi Amends BitGo Credit Facility
Upexi cuts borrowing costs and collateral demands under its BitGo Prime credit facility, expecting over $2 million in annual interest savings.
Rhea-AI Summary
Upexi (UPXI) amended its existing credit facility with BitGo Prime, reducing the annual interest rate on outstanding borrowings from 11.5% to 7.5%.
The amendment also sets the required collateral level at 200%, with a margin call level of 150%. Based on current borrowings, the company expects to save over $2 million per year in interest costs and describes the change as increasing flexibility due to the lower collateral requirement. Upexi positions this step as part of broader efforts to reduce expenses and strengthen its balance sheet while pursuing value creation for shareholders.
Positive
- Interest rate reduced from 11.5% to 7.5% on outstanding borrowings
- Company expects annual interest savings of over $2 million based on current borrowings
- Collateral requirement set at 200% with a 150% margin call level, which the company says increases flexibility
Negative
- None.
Key Figures
- Interest rate
- 11.5% to 7.5% per year
- Amended BitGo credit facility
- Required collateral
- 200%
- Amended credit facility
- Margin call level
- 150%
- Amended credit facility
- Annual interest savings
- Over $2 million per year
- Based on current borrowings outstanding
Key Terms
credit facility financial
master loan agreement financial
margin call financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
Reduces Interest Rate by Four Percentage Points and Lowers Required Collateral
TAMPA, Fla., Sept. 14, 2026 (GLOBE NEWSWIRE) -- Upexi, Inc. (NASDAQ: UPXI) (“Upexi” or the “Company”), a leading Solana-focused digital asset treasury company and consumer brands owner, today announced that it has amended its existing credit facility with BitGo Prime, LLC (“BitGo”), first entered into on May 23, 2025 under a Master Loan Agreement. Under the amended terms, the interest rate applicable to the Company’s outstanding borrowings has been reduced from
“Under the amended credit facility, the Company, based on current borrowings outstanding, expects to save over
About Upexi, Inc.
Upexi, Inc. (Nasdaq: UPXI) is a leading digital asset treasury company, where it aims to acquire and hold as much Solana (SOL) as possible in a disciplined and accretive fashion. In addition to benefiting from the potential price appreciation of Solana, the cryptocurrency of the leading high-performance blockchain, Upexi utilizes three key value accrual mechanisms in intelligent capital issuance, staking, and discounted locked token purchases. The Company operates in a risk-prudent fashion to position itself for any market environment and to appeal to investors of all kinds, and it currently holds over two million SOL. Upexi also continues to be a brand owner specializing in the development, manufacturing, and distribution of consumer products. Please see www.upexi.com for more information.
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Forward-Looking Statements
This news release contains “forward-looking statements” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward-looking statements when it discusses the anticipated interest cost savings under the amended credit facility, the availability of borrowings under the facility and its potential future increase, its digital asset treasury strategy, including the accumulation of Solana, and its capital structure. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
Company Contact
Brian Rudick, Chief Strategy Officer
(203) 442-5391
Brian.rudick@upexi.com
Investor Contact
Valter Pinto or Jack Perkins
KCSA Strategic Communications
Upexi@KCSA.com
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are the new collateral and margin call terms under Upexi’s BitGo facility?
The amended credit facility sets a required collateral level of 200% and establishes a 150% margin call level for Upexi’s borrowings.
How does Upexi describe the strategic purpose of amending the BitGo credit facility?
The company states that the amendment is part of its ongoing efforts to reduce expenses and fortify its balance sheet while it seeks additional ways to create value for shareholders.
What assets does Upexi currently emphasize in its business model?
Upexi describes itself as a digital asset treasury company aiming to acquire and hold Solana (SOL) in a disciplined manner and reports holding over two million SOL, alongside its activities as a consumer products brand owner.