Upexi Purchases 83,000 SOL, Grows Treasury to 1.9 Million SOL Worth $381 Million
Rhea-AI Summary
Upexi (NASDAQ: UPXI) has significantly expanded its cryptocurrency holdings by purchasing 83,000 SOL tokens for $16.7 million, at an average price of $201.34 per SOL. This strategic acquisition brings Upexi's total Solana holdings to 1.9 million SOL, valued at approximately $381 million based on Solana's spot price of $200.60 as of the previous day's close.
CEO Allan Marshall expressed optimism about the evolving U.S. digital asset legislation and its potential to drive mass adoption of blockchain technology, indicating the company's commitment to continue accumulating and holding Solana tokens for shareholder benefit.
Positive
- Significant crypto asset acquisition of 83,000 SOL worth $16.7 million
- Large treasury position of 1.9 million SOL valued at $381 million
- Strategic positioning for potential blockchain mass adoption
Negative
- High exposure to cryptocurrency market volatility
- Significant capital allocation to a single volatile digital asset
News Market Reaction
On the day this news was published, UPXI declined 12.99%, reflecting a significant negative market reaction. Argus tracked a peak move of +4.3% during that session. Argus tracked a trough of -17.6% from its starting point during tracking. Our momentum scanner triggered 36 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $44M from the company's valuation, bringing the market cap to $292M at that time.
Data tracked by StockTitan Argus on the day of publication.
TAMPA, Fla., July 23, 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 83,000 SOL for
Allan Marshall, Chief Executive Officer of Upexi, remarked, “The U.S. continues to make progress around digital asset legislation, which has the potential to usher in mass adoption of blockchain technology. Solana and Upexi are well-positioned to benefit, and we will continue to buy and HODL Solana for the benefit of shareholders.”
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://x.com/upexitreasury
Follow CEO, Allan Marshall, on X - https://x.com/UpexiAllan
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
FAQ
How many Solana (SOL) tokens did Upexi (UPXI) purchase in July 2025?
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What is Upexi's (UPXI) strategy regarding their Solana holdings?
How much did Upexi (UPXI) pay per Solana token in their July 2025 purchase?
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