what's Upexi, Inc.?
Upexi, Inc. is a Nasdaq-listed brand owner specializing in the development, manufacturing, and distribution of consumer products. The company has diversified into the cryptocurrency sector by establishing a substantial Solana-focused treasury, positioning itself as an institutional gateway to Solana's ecosystem. Through strategic investments and capital raises, Upexi accumulates and stakes SOL tokens, earning yields while providing exposure to Solana's high-performance blockchain. This treasury strategy integrates traditional business operations with crypto asset management, including plans for tokenizing equity and partnerships in crypto platforms.
Upexi, Inc. filed to raise up to $1 billion for working capital, R&D, and debt repayment.
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x.com/upexiincFiled to raise up to $1 billion, with potential use for working capital, research and development, and debt repayment.
NASDAQ-listed company approves $50M share buyback program.
Token price returns to post-PIPE registration lows.
DATs currently hold 0.7% of total SOL supply, with a new $400M funding round (scalable to $1B) potentially increasing institutional holdings.
Two companies plan SOL purchases of $1B and $1.25B respectively, potentially surpassing current largest treasury holder by 3x.
SOL holdings increased to 2M ($334M) with $65K daily staking revenue.
Company holds $283M in SOL while trading at $266M market cap, representing negative enterprise value.
NASDAQ-listed company files SEC notice to acquire 201,500 SOL ($30M), begins staking revenue generation with $60M additional cash reserves for future SOL investments.
NASDAQ-listed company holds Solana alongside other public firms holding various cryptocurrencies.
Extreme intraday volatility of 120% observed despite closing with small positive returns for shorts.