SCHEDULE 13G: Michael Novogratz's Galaxy Digital Discloses 5.86% Passive Stake in UPEXI, INC.

Michael E. Novogratz, through entities he controls, has disclosed a 5.86% beneficial ownership stake in UPEXI, INC., according to a recent Schedule 13G filing.

Summary

• Michael E. Novogratz, through Galaxy Digital Trading Cayman LLC and other controlled entities, beneficially owns 2,192,983 shares of UPEXI, INC. Common Stock.
• This ownership represents 5.86% of UPEXI, INC.'s outstanding Common Stock.
• The filing is a Schedule 13G, indicating a passive investment where the shares were not acquired for the purpose of changing or influencing the control of the issuer.
• The percentage of ownership is calculated based on 1,425,924 shares outstanding as of April 11, 2025, plus an additional 35,970,383 shares sold pursuant to a securities purchase agreement reported on April 21, 2025.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership, inherently neutral in sentiment. The certification of passive intent is a standard legal requirement for a 13G filing.

Risks

• The reporting person certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Future Outlook

The document does not provide forward-looking statements or guidance beyond the certification of passive investment intent.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing indicates a significant investment by a prominent figure in the digital asset and financial technology space, Michael E. Novogratz, into UPEXI, INC. While the filing itself is a standard ownership disclosure, the involvement of an investor associated with Galaxy Digital could signal potential interest or alignment with UPEXI's business, depending on its industry.

Stakeholder Impact

• Shareholders: The disclosure of a significant stake by a notable investor like Michael E. Novogratz could be viewed positively, potentially increasing investor confidence or signaling future strategic interest. The recent issuance of a large number of shares (35.97 million) indicates dilution for existing shareholders, though this was reported separately.

Key Dates

Keywords

UPEXI INC, Michael E. Novogratz, Galaxy Digital, Schedule 13G, Beneficial Ownership, SEC Filing, Common Stock, Passive Investment