Upexi (UPXI) Enters $20M credit facility with BitGo Prime

On May 23, 2025, Upexi (NASDAQ: UPXI), entered into a credit facility with BitGo Prime, LLC (“BitGo”). Pursuant to a Master Loan Agreement (the “Agreement”) the Company may borrow up to $20,000,000 of Digital Currency or United States Dollars with interest at the rate of 11.5% per year. The term of the credit facility is for one year and is renewable for successive one year options. Each individual loan under the facility is negotiable as to the amount, term prepayment or recall (payment demand). The loans shall be collateralized by the Company’s treasury assets, already held at BitGo, the initial availability is based on 260% collateral level and a margin call level of 175%. There are no requirements or fees for non-use of the credit facility and the facility can be increased in the future based on the value of the assets BitGo is the custodian of for the Company. The Company plans to use any funds from the credit facility as short term capital for the purchase of additional SOL tokens. As of May 28, 2025 there was an outstanding balance on the facility of approximately $11,798,600.

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