Upexi reports unrealised gain of US$142 million as Solana treasury reaches US$447 million.
Upexi, Inc., a brand owner with diversified operations including cryptocurrency treasury management, today provided a treasury and business update following recent gains in Solana.
“The last several weeks were extremely strong for Upexi, highlighted by a substantial increase in the price of SOL,” said Allan Marshall, CEO of Upexi. “As a result, our Solana treasury now stands at US$447 million, including an unrealised gain of US$142 million. Moreover, we continued to expand our visibility, welcoming Arthur Hayes to our newly established Advisory Committee and meeting with high-quality investors at three major finance conferences.”
Brian Rudick, Chief Strategy Officer, added: “Upexi has uniquely demonstrated our ability to create value for shareholders. We have closed three successful capital issuances, generated a US$142 million unrealised gain, and increased our adjusted SOL per share by 129% since launching the treasury strategy. These results show the strength of our multiple value accrual mechanisms and the effectiveness of our treasury management operations.”
Treasury Highlights:
- Upexi held 2,018,419 SOL, valued at US$447 million at US$221.59 per SOL
- Unrealised gain stood at US$142 million, reflecting price appreciation and the discount on locked SOL
- Adjusted SOL per share rose to 0.0197, or US$4.37, representing increases of 56% and 126% respectively since April
- Approximately 53% of the portfolio comprises locked SOL purchased at discounts, providing built-in gains
- Substantially all holdings are staked, generating around US$105,000 in daily yield
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