Upexi Grows Treasury to 1.819 Million SOL Worth $331 Million with a $58 Million Unrealized Gain in Under Three Months
Upexi (NASDAQ: UPXI) has significantly expanded its cryptocurrency holdings to 1.819 million SOL valued at $331 million, following a recent purchase of 100,000 SOL for $17.7 million. The company has achieved an unrealized gain of $58 million in under three months through SOL appreciation and locked SOL discounts.
The company's treasury growth of 147% since June was supported by a recent $200 million equity and convertible notes private placement. Upexi is actively staking its SOL holdings, projecting potential annual staking revenue of approximately $26 million based on an 8% yield. The company's current market cap of $402 million represents 1.2x its SOL holdings value (Basic mNAV), while its Fully-Loaded mNAV stands at 2.1x based on adjusted metrics.
Upexi (NASDAQ: UPXI) ha ampliato notevolmente le sue partecipazioni in criptovalute, raggiungendo 1,819 milioni di SOL del valore di 331 milioni di dollari, dopo un recente acquisto di 100.000 SOL per 17,7 milioni di dollari. L'azienda ha ottenuto un guadagno non realizzato di 58 milioni di dollari in meno di tre mesi grazie all'apprezzamento di SOL e agli sconti su SOL bloccati.
La crescita del tesoro aziendale del 147% da giugno è stata supportata da un recente collocamento privato di azioni e note convertibili per 200 milioni di dollari. Upexi sta attivamente effettuando staking sulle sue partecipazioni in SOL, prevedendo un potenziale ricavo annuo da staking di circa 26 milioni di dollari basato su un rendimento dell'8%. La capitalizzazione di mercato attuale dell'azienda, pari a 402 milioni di dollari, rappresenta 1,2 volte il valore delle sue partecipazioni in SOL (Basic mNAV), mentre il Fully-Loaded mNAV è pari a 2,1 volte basato su metriche rettificate.
Upexi (NASDAQ: UPXI) ha ampliado significativamente sus tenencias en criptomonedas a 1,819 millones de SOL valorados en 331 millones de dólares, tras una reciente compra de 100,000 SOL por 17.7 millones de dólares. La compañía ha logrado una ganancia no realizada de 58 millones de dólares en menos de tres meses gracias a la apreciación de SOL y los descuentos por SOL bloqueados.
El crecimiento del tesoro de la empresa del 147% desde junio fue respaldado por una reciente colocación privada de acciones y notas convertibles por 200 millones de dólares. Upexi está apostando activamente sus tenencias de SOL, proyectando un potencial ingreso anual por staking de aproximadamente 26 millones de dólares basado en un rendimiento del 8%. La capitalización de mercado actual de la compañía de 402 millones de dólares representa 1.2 veces el valor de sus tenencias en SOL (Basic mNAV), mientras que su Fully-Loaded mNAV es de 2.1 veces basado en métricas ajustadas.
Upexi (NASDAQ: UPXI)는 최근 10만 SOL을 1,770만 달러에 매입하며 암호화폐 보유량을 181.9만 SOL, 가치 3억 3,100만 달러로 크게 확대했습니다. 회사는 SOL 가치 상승과 잠금 SOL 할인 덕분에 3개월도 안 되어 미실현 이익 5,800만 달러를 달성했습니다.
6월 이후 회사 자금이 147% 성장한 것은 최근 2억 달러 규모의 주식 및 전환사채 사모 발행 덕분입니다. Upexi는 보유 중인 SOL을 적극적으로 스테이킹하고 있으며, 8% 수익률을 기준으로 연간 약 2,600만 달러의 스테이킹 수익을 예상하고 있습니다. 현재 회사의 시가총액은 4억 200만 달러로, SOL 보유 가치(Basic mNAV)의 1.2배이며, 조정된 지표를 기준으로 한 Fully-Loaded mNAV는 2.1배입니다.
Upexi (NASDAQ : UPXI) a considérablement augmenté ses avoirs en cryptomonnaies à 1,819 million de SOL d'une valeur de 331 millions de dollars, suite à un récent achat de 100 000 SOL pour 17,7 millions de dollars. La société a réalisé un gain latent de 58 millions de dollars en moins de trois mois grâce à l’appréciation du SOL et aux remises sur SOL bloqués.
La croissance de la trésorerie de l’entreprise de 147 % depuis juin a été soutenue par un placement privé récent d’actions et de billets convertibles de 200 millions de dollars. Upexi mise activement ses avoirs en SOL, projetant un revenu annuel potentiel de staking d’environ 26 millions de dollars basé sur un rendement de 8 %. La capitalisation boursière actuelle de la société, à 402 millions de dollars, représente 1,2 fois la valeur de ses avoirs en SOL (Basic mNAV), tandis que son Fully-Loaded mNAV s’élève à 2,1 fois selon des métriques ajustées.
Upexi (NASDAQ: UPXI) hat seine Kryptowährungsbestände erheblich auf 1,819 Millionen SOL im Wert von 331 Millionen US-Dollar ausgeweitet, nachdem kürzlich 100.000 SOL für 17,7 Millionen US-Dollar gekauft wurden. Das Unternehmen erzielte innerhalb von weniger als drei Monaten einen unrealisierte Gewinn von 58 Millionen US-Dollar durch Wertsteigerung von SOL und rabattierte gesperrte SOL.
Das Wachstum der Unternehmensreserve von 147 % seit Juni wurde durch eine jüngste Privatplatzierung von Aktien und Wandelanleihen im Wert von 200 Millionen US-Dollar unterstützt. Upexi setzt seine SOL-Bestände aktiv ein und prognostiziert potenzielle jährliche Staking-Einnahmen von etwa 26 Millionen US-Dollar basierend auf einer Rendite von 8 %. Die aktuelle Marktkapitalisierung des Unternehmens von 402 Millionen US-Dollar entspricht dem 1,2-fachen Wert seiner SOL-Bestände (Basic mNAV), während das Fully-Loaded mNAV auf Basis angepasster Kennzahlen bei 2,1-fach liegt.
- Substantial unrealized gain of $58 million on SOL holdings in under three months
- Projected annual staking revenue of $26 million from SOL holdings
- 147% increase in SOL holdings since June
- Successful closing of $200 million equity and convertible notes private placement
- 56% of SOL purchases were acquired at a discount through locked form
- Significant exposure to SOL price volatility
- Dilution from convertible notes and warrant conversion
- Heavy concentration in a single cryptocurrency asset
Insights
Upexi aggressively accumulates SOL with $58M unrealized gain, potentially generating $26M annual staking revenue, trading at 1.2-2.1x NAV.
Upexi has transformed its business model by rapidly accumulating 1.82 million Solana (SOL) tokens worth
What's particularly noteworthy is Upexi's staking strategy. By staking its SOL holdings at an
The company's financial metrics reveal important valuation insights. Their basic multiple to net asset value (Basic mNAV) stands at 1.2x, meaning the market values Upexi at just 20% above its SOL holdings. When accounting for warrant conversions, convertible notes, and debt adjustments (Fully-Loaded mNAV), this multiple rises to 2.1x.
Upexi's fundraising approach is equally significant, having pioneered large-scale equity private placements for altcoin treasuries, recently closing a
Upexi transforms into a Solana treasury vehicle with $331M in SOL, trading at modest premium to NAV with significant staking income potential.
Upexi's rapid transformation into a Solana treasury vehicle presents a unique investment profile. The company has acquired 1.82 million SOL for
The company's financial structure offers interesting valuation metrics. Trading at a 1.2x multiple to its Basic mNAV (market cap relative to SOL holdings), Upexi presents a relatively modest premium compared to other cryptocurrency investment vehicles. However, when accounting for potential dilution through warrant conversions and convertible notes, the Fully-Loaded mNAV rises to 2.1x, indicating a higher implied premium when considering all potential share issuances.
Notably, Upexi has created a compelling revenue generation mechanism through SOL staking. With projected annual staking revenue of
The company's discounted acquisition strategy is particularly noteworthy, with
Upexi purchased an additional 100,000 SOL, and anticipates it may generate up to approximately
Company releases adjusted metrics for enhanced transparency and analysis
TAMPA, Fla., July 21, 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 the acquisition of 100,000 SOL, bringing its treasury holdings to 1,818,809 SOL worth
Treasury and Staking Update
On July 17, Upexi purchased 100,000 SOL for
Upexi continues to stake substantially all its SOL, which generates an approximately
“Upexi was the first public company to raise a large-scale equity private placement for an altcoin digital asset treasury,” said Allan Marshall, Chief Executive Officer of Upexi. “In just three months, we have successfully closed two additional accretive capital raises, including a highly innovative in-kind convertible note, and grew the treasury to 1.8 million SOL or
Brian Rudick, Upexi Chief Strategy Officer, added, “Underpinned by the leading high performance blockchain and with digital asset legislation in the US poised to pass, Upexi is well-positioned to benefit from increasing blockchain adoption. From a rising treasury value to an expanding multiple and more accretive issuances, Upexi offers investors multiple potential ways to benefit should Solana perform well in the future. We believe this positions Upexi as an optimal vehicle for investors seeking exposure to digital assets.”
Current Metrics (and Basic mNAV)
As of July 18, Upexi had a market cap of
| Current Metrics |
Sources: Yahoo Finance, CoinGecko. Note: UPXI price as of Friday, July 18, 2025 at 4:00pm EST.
Adjusted Metrics (and Fully-Loaded mNAV)
Management believes financials adjusted for certain possible or likely items can supplement investor analysis and is thus providing the following information assuming 1) pre-funded warrants are converted into common equity shares, 2) the roughly
Under the above assumptions, Upexi has an adjusted share count of 94.2 million, equating to an adjusted market cap of
| Adjusted Metrics |
Sources: Yahoo Finance, CoinGecko. Note: UPXI price as of Friday, July 18, 2025 at 4:00pm EST. Assumes cash on hand is used to buy spot SOL.
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
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. 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
Email: Upexi@KCSA.com
Phone: (212) 896-1254
1 Uses the SOL price as of 4:00pm EST on Sunday, July 20, 2025 throughout this press release.
Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8b0dbd1-98af-4feb-bacd-a1f75df4b026
https://www.globenewswire.com/NewsRoom/AttachmentNg/b1aa1908-dbe5-47ce-a634-fbc874522b6a
FAQ
How many SOL tokens does Upexi (UPXI) currently hold in its treasury?
What is the expected annual staking revenue for Upexi from its SOL holdings?
How much unrealized gain has Upexi (UPXI) achieved on its SOL investment?
What is Upexi's current market cap to SOL holdings ratio (Basic mNAV)?
How much did Upexi's SOL holdings increase since June 2025?
