Upexi Announces Intent to List SEC-Registered Shares On-Chain via Superstate’s Opening Bell

Rhea-AI Summary

Upexi (NASDAQ: UPXI) has announced plans to tokenize its SEC-registered shares through Superstate's Opening Bell platform on the Solana blockchain. This initiative will enable 24/7 trading, real-time settlement, and enhanced global liquidity while maintaining existing shareholder rights.

As the largest Solana treasury company, Upexi reported an increase in its SOL holdings to 735,692 SOL, representing an 8% increase from the previously reported 679,677 SOL in May. The company, led by XPO Logistics founder Allan Marshall, aims to maximize SOL holdings and create long-term shareholder value through strategic capital market initiatives.

Positive

• Increased SOL holdings by 8% to 735,692 SOL
• Partnership with SEC-registered transfer agent Superstate enhances credibility
• Tokenization enables 24/7 trading and real-time settlement capabilities
• Position as largest Solana treasury company demonstrates market leadership

Negative

• Potential regulatory uncertainties around tokenized securities
• Exposure to cryptocurrency market volatility through significant SOL holdings
• Implementation risks associated with new blockchain technology infrastructure

News Market Reaction

-5.11%

1 alert

-5.11% News Effect

On the day this news was published, UPXI declined 5.11%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Provides Update on Solana Holdings, Now Totaling 735,692 SOL

TAMPA, Fla., June 26, 2025 (GLOBE NEWSWIRE) -- Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing, and distribution of consumer products with diversification into the cryptocurrency space, today announced its intention to tokenize its SEC-registered shares using Opening Bell, an on-chain issuance platform from financial technology firm Superstate.

Opening Bell enables companies to tokenize public equity via blockchain infrastructure, making shares tradable on-chain. This announcement expands upon Upexi’s existing Nasdaq listing and upon official listing may introduce key investor benefits, including:

• 24/7 trading and real-time settlement via crypto-native wallets
• Global liquidity and broadened investor access without impacting existing shareholder rights
• Programmable equity compatible with DeFi tools such as staking, automation, and tokenized governance
  

“Tokenizing Upexi’s shares on Opening Bell reflects our strong conviction in the future of the Solana ecosystem and our commitment to expanding shareholder access through transformative on-chain technology,” said Allan Marshall, CEO of Upexi. “Partnering with Superstate, a leading SEC-registered transfer agent, gives us the trusted foundation to harness Solana’s unmatched speed and scalability for our shares – unlocking new opportunities and driving long-term value for our investors.”

Upexi is the largest Solana treasury company, with a stated mission to acquire and hold as much SOL as possible. Backed by 15 leading digital asset venture firms and led by Allan Marshall, founder of XPO Logistics, Upexi brings deep expertise and strong relationships across both digital assets and traditional finance. As a digital asset treasury platform underpinned by Solana, the leading high-performance blockchain, Upexi seeks to create long-term shareholder value through intelligent capital markets strategies while supporting the broader Solana ecosystem through increased institutional visibility and adoption.

Opening Bell, launched by Superstate in May 2025, is a regulated on-chain issuance platform enabling companies to issue tokenized public equity via blockchain infrastructure making shares available on-chain, initially utilizing Solana. It allows compliant, programmable equity to participate in digital finance ecosystems.

Upexi also today provided an update regarding its SOL holdings. As of June 24, Upexi holds 735,692 SOL, up 8% from the previously disclosed 679,677 SOL on May 28.

About Upexi, Inc.
Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the cryptocurrency industry and cash management of assets through a cryptocurrency portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com.

Follow Upexi on X - https://twitter.com/upexitreasury
Follow CEO, Allan Marshall, on X - https://x.com/marshall_a22015
Follow CSO, Brian Rudick, on X - https://x.com/thetinyant

About Superstate
Superstate is a financial technology firm reshaping public capital markets. They connect financial assets with crypto capital markets to expand access, improve liquidity, and advance capital formation through on-chain public listings and tokenized investment products. Their offerings include Opening Bell, a platform for compliant on-chain equity listings; USTB, a tokenized fund backed by US Treasuries; and USCC, a tokenized fund optimized for crypto basis exposure. Learn more at superstate.com.

Forward Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. For example, the Company is using forward looking statements when it discusses the anticipated use of proceeds. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Company Contact
Brian Rudick, Chief Strategy Officer
Email:brian.rudick@upexi.com
Phone: (216) 347-0473

Media Contact:
Gasthalter & Co.
Upexi@gasthalter.com

Investor Relations Contact:
KCSA Strategic Communications
Valter Pinto, Managing Director
(212) 896-1254
Upexi@KCSA.com

FAQ

How many Solana (SOL) tokens does Upexi (UPXI) currently hold?

As of June 24, 2025, Upexi holds 735,692 SOL, which represents an 8% increase from the 679,677 SOL reported on May 28.

What benefits will UPXI shareholders receive from the Opening Bell tokenization?

Shareholders will benefit from 24/7 trading, real-time settlement, global liquidity, and access to DeFi tools like staking and tokenized governance, while maintaining existing shareholder rights.

Who is providing the tokenization platform for Upexi's shares?

Upexi will use Opening Bell, an on-chain issuance platform developed by Superstate, an SEC-registered transfer agent launched in May 2025.

Who is the CEO of Upexi (UPXI)?

Allan Marshall, the founder of XPO Logistics, serves as the CEO of Upexi.

What is Upexi's strategy regarding Solana?

Upexi's stated mission is to acquire and hold as much SOL as possible while supporting the Solana ecosystem through increased institutional visibility and adoption.