Upexi Treasury Reaches 2 Million SOL Tokens Worth $334 Million
TAMPA, Fla., August 5, 2025 — Upexi, Inc. (NASDAQ: UPXI), a consumer products company with a strategic focus on cryptocurrency investments, has achieved a significant milestone by expanding its Solana (SOL) treasury to 2 million tokens, valued at approximately $334 million based on current market prices. This latest acquisition solidifies Upexi’s position as the leading publicly traded company with a Solana-focused treasury strategy.
The company announced today that it acquired an additional 181,191 SOL tokens for approximately $30.2 million, at an average price of $166.80 per token, bringing its total holdings to 2 million SOL. This follows a series of aggressive purchases, including a recent $16.7 million acquisition of 83,000 SOL tokens on July 23, 2025, which had previously increased its treasury to 1.9 million SOL, valued at $381 million at the time. The latest purchase was partly funded through a $500 million equity line of credit agreement with A.G.P./Alliance Global Partners, announced on July 29, 2025, which provides Upexi with flexible capital to continue its Solana accumulation strategy.
“We are thrilled to reach this landmark of 2 million SOL tokens, reflecting our commitment to building a robust digital asset treasury that delivers value to our shareholders,” said Allan Marshall, Chief Executive Officer of Upexi. “Solana’s high-performance blockchain is poised to drive the next wave of decentralized finance, and we believe our strategy positions Upexi as a premier vehicle for investors seeking exposure to this transformative asset.”
Upexi’s Solana holdings have grown dramatically, up from 735,692 tokens at the end of June 2025, representing a 172% increase in just over a month. The company has strategically acquired 56% of its SOL tokens in locked form at a discount, contributing to an estimated unrealized gain of $58 million as of its last disclosure on July 21, 2025. Upexi stakes nearly all of its SOL tokens, generating an 8% annual yield, which could translate to up to $26.7 million in annual staking revenue based on the current treasury size and market conditions.
The company’s market capitalization, reported at $402 million as of July 18, 2025, reflects a Basic mNAV (market cap to SOL holdings value) ratio of approximately 1.2x, while its Fully-Loaded mNAV, accounting for potential share dilution, stands at 2.1x. Upexi’s innovative treasury model, which combines discounted SOL purchases, staking, and accretive capital raises, has drawn attention from analysts and investors alike. Cantor Fitzgerald recently upgraded Upexi’s stock to an overweight rating, setting a price target of $16.00 per share, following a strong trading volume of 3.24 million shares on July 28, 2025.
Brian Rudick, Upexi’s Chief Strategy Officer, emphasized the company’s broader vision: “As digital asset legislation progresses in the U.S., we see Solana as a cornerstone of the future financial ecosystem. Our treasury strategy not only capitalizes on Solana’s growth potential but also generates consistent staking revenue, creating multiple avenues for shareholder value.”
Upexi’s rapid expansion into cryptocurrency complements its core business in consumer product development, manufacturing, and distribution. The company has also announced plans to tokenize its SEC-registered shares on the Solana network via Superstate’s Opening Bell platform, enhancing liquidity and accessibility for investors in decentralized finance applications.
As Solana’s market capitalization approaches $90 billion, making it the sixth-largest cryptocurrency, Upexi’s bold treasury strategy positions it at the forefront of a growing trend among public companies adopting digital assets. With additional capital available from its recent credit line, Upexi plans to continue its “buy and HODL” approach, further strengthening its Solana holdings.
For more information on Upexi’s treasury strategy, visit www.upexi.com. Follow Upexi on X at @upexitreasury, CEO Allan Marshall at @UpexiAllan, and CSO Brian Rudick at @thetinyant.
Forward-Looking Statements: This news release contains forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements regarding future plans, expectations, or intentions are subject to risks and uncertainties, and actual results may differ from those projected.
Contact:
Brian Rudick, Chief Strategy Officer
Email: brian.rudick@upexi.com
Phone: (216) 347-0473
Investor Relations:
KCSA Strategic Communications
Valter Pinto, Managing Director
Email: Upexi@KCSA.com
Phone: (212) 896-1254
Sources: Information compiled from Upexi press releases, Investing.com, CoinDesk, and The Block.