Digital asset treasury firm Upexi increased its SOL holdings, reflecting growing institutional confidence in Solana.
Solana treasury firm Upexi reported that it increased its Solana (SOL) holdings by 4.4% in its latest update, underscoring continued conviction in the network’s long-term potential despite recent market volatility.
Upexi currently holds 2,106,989 SOL, a 4.4% increase since its last report on 10 September. The company’s SOL per share now stands at 0.0187, representing a 47% increase in SOL terms since the launch of its Solana treasury strategy.
“Upexi remains positioned to grow despite reduced treasury company sentiment,” stated Upexi CEO Allan Marshall. “Whether via a large unrealised gain, a substantial increase in adjusted SOL per share, or the strong performance of our stock since embarking on our Solana treasury strategy, we remain committed to creating long-term incremental value for shareholders.”
Upexi’s continued accumulation comes amidst a temporary dip in Solana’s market price, which fell nearly 20%. The company’s approach reflects growing institutional interest in Solana despite short-term volatility, and mirrors the performance of the Bitwise Solana ETF (BSOL) that launched recently.
The new ETF attracted approximately US$417 million in its first week of trading, placing it amongst the top 20 ETFs across all asset classes by net inflows, highlighting sustained demand from institutional investors even as the SOL token’s market value temporarily declined.
In parallel with its treasury growth, Upexi reported that it also expanded its advisory committee, adding S◎L Big Brain, a leading voice in the Solana community, and Jon Najarian, a veteran options trader and market commentator.
Brian Rudick, Upexi’s Chief Strategy Officer, added, “Upexi remains well positioned within the treasury space due both to its underpinning by an end-game winning asset in Solana and to our innovation focus, capital markets expertise, risk-prudent strategy, and proven track record. We continue to hold a peer-leading multiple with solid trading volumes andintend to monetise this for our shareholders.”
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