Ryan Weeks - Profile and Journalist Details
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Ryan Weeks
Verified
Senior Editor, Bloomberg News
Kuala Lumpur
Beats
Global Health , Development , Environment , Energy , Climate Change
finance, industrial, sports
Content
By Ryan Weeks Verified| Bloomberg Law Verified Upexi Inc. is raising $100 million as part of a pivot that will see the company start to accumulate the cryptocurrency Solana, according to a Monday statement. The company’s shares surged more than 300% in early trading. Upexi, which had a $3 million market capitalization as of the close of trading last week, announced it has entered into agreements with investors to buy about 43.9 million shares of its common stock, or pre-funded warrants, in a private placement at a price of $2.28 per share.
By Ryan Weeks Verified| Bloomberg News Verified The Solana logo on a smartphone arranged in the Brooklyn Borough of New York, U.S., on Saturday, July 31, 2021. The Senate's bipartisan infrastructure deal envisions imposing stricter rules on cryptocurrency investors to collect more taxes to fund a portion of the $550 billion investment into transportation and power systems. Photographer: Gabby Jones/Bloomberg(Bloomberg) -- Upexi Inc.
By Ryan Weeks Verified| Bloomberg Law Verified Upexi Inc. is raising $100 million as part of a pivot that will see the company start to accumulate the cryptocurrency Solana, according to a Monday statement. The company’s shares surged more than 300% in early trading. Upexi, which had a $3 million market capitalization as of the close of trading last week, announced it has entered into agreements with investors to buy about 43.9 million shares of its common stock, or pre-funded warrants, in a private placement at a price of $2.28 per share.
Company Info
Bloomberg News
Bloomberg L.P. is a global financial data, software, and media company founded in 1981 by Michael Bloomberg and his partners. Originally named Innovative Market Systems, it rebranded to Bloomberg L.P. in 1986. The company is renowned for the Bloomberg Terminal, a proprietary platform that provides real-time financial data, analytics, and trading tools to over 350,000 subscribers worldwide. Bloomberg operates in three main areas: financial technology, news/media, and data analytics. Its flagship product, the Bloomberg Terminal, offers market data, news, and communication tools for financial professionals. Bloomberg News, with over 120 bureaus globally, covers financial markets, politics, and technology across various platforms, including digital, television, and print. The company also provides specialized data and analytics services, including legal and regulatory information, through its acquisitions. Bloomberg L.P. is privately held, with an estimated revenue of $12.5 billion in 2023, primarily from terminal subscriptions.
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Founded: 1981