On May 12, 2025, Upexi Inc. announced it has increased its Solana (SOL) treasury to approximately 596,714 tokens, valued at $102 million. The tokens were purchased for an aggregate of $84.2 million, or $141.10 per SOL. This makes Upexi the leading Solana Treasury Company among publicly-traded companies.
Upexi purchased 326,347 discounted locked SOL at an average price of $135.22. At the current SOL price of $171.15, this represents an $18 million gain for shareholders. The company's CFO, Andrew Norstrud, noted that purchasing discounted locked SOL provides built-in gains as the discount moves to par over time, effectively doubling the staking yield for shareholders.
CEO Allan Marshall stated the company will continue to acquire and HODL Solana to expand access to Solana via the public markets and for the benefit of shareholders. Upexi specializes in the development, manufacturing, and distribution of consumer products and has entered the cryptocurrency industry through a Cryptocurrency Portfolio.
This article is based on our author's analysis of materials taken from the following resource: ACCESS Newswire.