# EDGAR Filing Document

**Accession Number:** 0001775194
**File Stem:** 0000000000-25-008129
**Filing Date:** 2025-8
**Character Count:** 4771
**Document Hash:** a622ef9c6e26fd128eb0ae001415fb20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-25-008129.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0000000000-25-008129

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250801

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UPEXI, INC.
- **CENTRAL INDEX KEY:** 0001775194
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 833378978
- **STATE OF INCORPORATION:** NV
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** UPLOAD
- **SEC FILE NUMBER:** 333-288822

**BUSINESS ADDRESS:**
- **STREET 1:** 3030 ROCKY POINT DRIVE
- **STREET 2:** SUITE 420
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33607
- **BUSINESS PHONE:** 701-353-5425

**MAIL ADDRESS:**
- **STREET 1:** 3030 ROCKY POINT DRIVE
- **STREET 2:** SUITE 420
- **CITY:** TAMPA
- **STATE:** FL
- **ZIP:** 33607

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GROVE, INC.
- **DATE OF NAME CHANGE:** 20190429
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001477932-25-005180

## Text-Extract

```

                                                            August 1, 2025

Allan Marshall
President and Chief Executive Officer
Upexi, Inc.
3030 North Rocky Point Drive, Suite 420
Tampa, FL 33607

       Re: Upexi, Inc.
           Registration Statement on Form S-1
           Filed July 21, 2025
           File No. 333-288822
Dear Allan Marshall:

       We have conducted a limited review of your registration statement and
have the
following comments.

        Please respond to this letter by amending your registration statement
and providing
the requested information. If you do not believe a comment applies to your
facts and
circumstances or do not believe an amendment is appropriate, please tell us why
in your
response.

       After reviewing any amendment to your registration statement and the
information
you provide in response to this letter, we may have additional comments.

Registration Statement on Form S-1
Business
The Company's Solana Treasury Strategy, page 26

1.     We note your disclosure that your strategy changed to include
cryptocurrencies in
       early 2025 and that you refined your Cryptocurrency strategy and
treasury policy
       to primarily hold Solana (SOL) on the balance sheet. Please provide a
materially
       complete description of SOL and your treasury strategy. In that regard:
           Provide a discussion of the material aspects of your treasury
strategy and how you
           intend to generate profit through this strategy.
           Describe the material aspects of your plans to stake the SOL you
hold.
           Describe the use case for SOL including its intended purpose, use
and/or
           function.
 August 1, 2025
Page 2

             Provide a discussion of SOL "tokenomics" discussing the past and
current supply
           of SOL, how new SOL is created, any burn mechanism, the amount of
SOL
           locked up and the related unlocking schedule, and any inflationary
or deflationary
           mechanism.
             Include a discussion of the Solana ecosystem and a description of
the lifecycle of
           the SOL token.
             Disclose whether you intend to use third-party custodians to store
the SOL you
           hold and, if so, identify them and disclose the material terms of
your custody
           arrangements.
Incorporation of Certain Documents by Reference, page 37

2.     We note that you have not yet filed your Form 10-K for your most
recently completed
       fiscal year, and therefore appear to be ineligible to incorporate by
reference on Form
       S-1. Please amend your registration statement to include all disclosure
required by
       Form S-1 or file your Form 10-K for the fiscal year ended June 30, 2025,
and update
       accordingly. Please refer to General Instruction VII.C. of Form S-1.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence
of action by the staff.

       Refer to Rules 460 and 461 regarding requests for acceleration. Please
allow adequate
time for us to review any amendment prior to the requested effective date of
the registration
statement.

      Please contact David Gessert at 202-551-2326 or Sandra Hunter Berkheimer
at 202-
551-3758 with any questions.

                                                           Sincerely,

                                                           Division of
Corporation Finance
                                                           Office of Crypto
Assets

```

### Attached PDF Documents

**Attachment 1:** `filename1`

_No text found in this document._