Solana treasury firm Upexi’s holdings climb 4.4% to over 2.1 million SOL
Upexi's Solana holdings increased by 4.4% to 2,106,989 SOL as of October 31, valued at $397 million before a recent market dip.Summary
Nasdaq-listed Solana treasury firm Upexi (UPXI) reported that its Solana holdings grew by 4.4% to 2,106,989 SOL as of October 31, an increase of 88,750 SOL since September 10. Based on Solana's month-end price of $188.56, the treasury was valued at $397 million, representing an unrealized gain of $72 million from its $325 million cost basis. However, a subsequent 15% drop in SOL's price to around $160.94 reduced this paper gain to approximately $15 million. Upexi CEO Allan Marshall affirmed commitment to creating shareholder value despite reduced sentiment in treasury firms, noting that the company's adjusted SOL per share is up significantly since its April strategy launch, outpacing Solana's return over the same period. Nearly all of Upexi's SOL is staked, generating substantial daily revenue, and the firm holds locked SOL acquired at a discount.
(Source：The Block)