<SEC-DOCUMENT>0000950103-25-005611.txt : 20250501
<SEC-HEADER>0000950103-25-005611.hdr.sgml : 20250501
<ACCEPTANCE-DATETIME>20250501195904
ACCESSION NUMBER:		0000950103-25-005611
CONFORMED SUBMISSION TYPE:	SCHEDULE 13G
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250501
DATE AS OF CHANGE:		20250501

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UPEXI, INC.
		CENTRAL INDEX KEY:			0001775194
		STANDARD INDUSTRIAL CLASSIFICATION:	MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833]
		ORGANIZATION NAME:           	03 Life Sciences
		EIN:				833378978
		STATE OF INCORPORATION:			NV
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-93404
		FILM NUMBER:		25905126

	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

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Novogratz Michael
		CENTRAL INDEX KEY:			0001380615
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		SCHEDULE 13G

	MAIL ADDRESS:	
		STREET 1:		300 VESEY STREET
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10282
</SEC-HEADER>
<DOCUMENT>
<TYPE>SCHEDULE 13G
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13g" xmlns:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>SCHEDULE 13G</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Novogratz Michael -->
          <cik>0001380615</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>



    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <securitiesClassTitle>Common Stock, par value $0.001</securitiesClassTitle>
      <eventDateRequiresFilingThisStatement>04/24/2025</eventDateRequiresFilingThisStatement>
      <issuerInfo>
        <issuerCik>0001775194</issuerCik>
        <issuerName>UPEXI, INC.</issuerName>
        <issuerCusip>39959A205</issuerCusip>
        <issuerPrincipalExecutiveOfficeAddress>
          <com:street1>3030 ROCKY POINT DRIVE</com:street1>
          <com:street2>SUITE 420</com:street2>
          <com:city>TAMPA</com:city>
          <com:stateOrCountry>FL</com:stateOrCountry>
          <com:zipCode>33607</com:zipCode>
        </issuerPrincipalExecutiveOfficeAddress>
      </issuerInfo>
      <designateRulesPursuantThisScheduleFiled>
        <designateRulePursuantThisScheduleFiled>Rule 13d-1(c)</designateRulePursuantThisScheduleFiled>
      </designateRulesPursuantThisScheduleFiled>
    </coverPageHeader>
    <coverPageHeaderReportingPersonDetails>


      <reportingPersonName>Michael E. Novogratz</reportingPersonName>
      <citizenshipOrOrganization>X1</citizenshipOrOrganization>
      <reportingPersonBeneficiallyOwnedNumberOfShares>
        <soleVotingPower>2192983.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>2192983.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
      </reportingPersonBeneficiallyOwnedNumberOfShares>
      <reportingPersonBeneficiallyOwnedAggregateNumberOfShares>2192983.00</reportingPersonBeneficiallyOwnedAggregateNumberOfShares>
      <aggregateAmountExcludesCertainSharesFlag>N</aggregateAmountExcludesCertainSharesFlag>
      <classPercent>5.86</classPercent>
      <typeOfReportingPerson>IN</typeOfReportingPerson>
      <comments>The number in Rows (5), (7) and (9) consists of 2,192,983 shares of common stock, par value $0.01 per share ("Common Stock"), of the Issuer, which are held of record by Galaxy Digital Trading Cayman LLC ("GDTC LLC"), a Cayman entity. GDTC LLC is a wholly-owned subsidiary of Galaxy Digital LLC, a Delaware entity, which is a wholly owned subsidiary of Galaxy Digital LP, a Cayman entity, which is a subsidiary of Galaxy Digital Holdings LP, a Cayman entity. The general partner of Galaxy Digital Holdings LP is Galaxy Digital Holdings GP LLC, a Cayman entity, the sole member of which is Galaxy Group Investments LLC, a Delaware entity, which is an entity controlled by Michael E. Novogratz.

The number in Row (11) is based on the quotient obtained by dividing (a) the aggregate number of shares of Common Stock beneficially owned by the Reporting Person as set forth in Row (9) by (b)(i) 1,425,924 shares of Common Stock of the Issuer outstanding as of April 11, 2025, as reported in the Issuer's Preliminary Proxy Statement on Schedule 14A filed with the SEC on April 29, 2025, plus (ii) 35,970,383 shares of Common Stock of the Issuer sold pursuant to a securities purchase agreement with certain investors, as reported in the Issuer's Current Report on Form 8-K filed with the SEC on April 21, 2025.</comments>
    </coverPageHeaderReportingPersonDetails>
    <items>
      <item1>
        <issuerName>UPEXI, INC.</issuerName>
        <issuerPrincipalExecutiveOfficeAddress>3030 ROCKY POINT DRIVE, SUITE 420, TAMPA, FL 33607</issuerPrincipalExecutiveOfficeAddress>
      </item1>
      <item2>
        <filingPersonName>Michael E. Novogratz</filingPersonName>
        <principalBusinessOfficeOrResidenceAddress>C/O GALAXY GROUP INVESTMENTS
107 GRAND ST
NEW YORK, NY 10013</principalBusinessOfficeOrResidenceAddress>
        <citizenship>US</citizenship>
      </item2>
      <item3>
        <notApplicableFlag>Y</notApplicableFlag>
      </item3>
      <item4>
        <amountBeneficiallyOwned>2,192,983</amountBeneficiallyOwned>
        <classPercent>5.86%</classPercent>
        <numberOfSharesPersonHas>
          <solePowerOrDirectToVote>2,192,983</solePowerOrDirectToVote>
          <sharedPowerOrDirectToVote>0</sharedPowerOrDirectToVote>
          <solePowerOrDirectToDispose>2,192,983</solePowerOrDirectToDispose>
          <sharedPowerOrDirectToDispose>0</sharedPowerOrDirectToDispose>
        </numberOfSharesPersonHas>
      </item4>
      <item5>
        <notApplicableFlag>Y</notApplicableFlag>
      </item5>
      <item6>
        <notApplicableFlag>Y</notApplicableFlag>
      </item6>
      <item7>
        <notApplicableFlag>Y</notApplicableFlag>
      </item7>
      <item8>
        <notApplicableFlag>Y</notApplicableFlag>
      </item8>
      <item9>
        <notApplicableFlag>Y</notApplicableFlag>
      </item9>
      <item10>
        <notApplicableFlag>N</notApplicableFlag>
        <certifications>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.</certifications>
      </item10>
    </items>
    <signatureInformation>
      <reportingPersonName>Michael E. Novogratz</reportingPersonName>
      <signatureDetails>
        <signature>/s/ Michael E. Novogratz</signature>
        <title>Michael E. Novogratz</title>
        <date>05/01/2025</date>
      </signatureDetails>
    </signatureInformation>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
