Upexi’s Significant Stake in Solana Surges Past $447 Million
Upexi, a leading consumer goods company, has significantly bolstered its Solana holdings, reaching an extraordinary $447 million valuation. The firm now owns over 2 million SOL tokens.
since April, Upexi has seen a remarkable 129% increase in adjusted SOL per share. This surge is attributed to several factors, including staking rewards and strategically acquiring locked SOL at a discounted rate.
A press release on September 11 confirmed these details. Upexi’s holdings now stand at 2,018,419 SOL tokens, valued at $447 million with SOL priced at $221.59. The company reports an unrealized gain of $142 million,thanks to price appreciation,strategic acquisitions,and staking rewards generating around $105,000 daily.
Upexi’s Chief Strategy Officer, Brian Rudick, highlighted the success of the company’s多元化策略. Despite its focus on Solana, Upexi remains committed to its core business of creating consumer products.
- Approximately 53% of Upexi’s Solana holdings are locked, indicating long-term commitment.
- These locked tokens were bought at a discount, offering immediate gains for shareholders.
To manage this complex asset class, Upexi has formed an Advisory Committee, including Arthur Hayes, co-founder of BitMEX. Upexi is part of a growing trend of public companies investing in Solana.
data shows that DeFi Growth Corp and Exodus Movement together hold nearly 4.45 million SOL, worth almost $1 billion. Forward Industries recently completed a $1.65 billion private placement to buy more SOL.
Solana’s market performance reflects this institutional interest, with SOL gaining 2.14% in the last 24 hours and up 11.2% over the past week.
