Upexi Purchases 100K SOL, Bringing Treasury Holdings To 1.82M SOL Worth $331M

Author: Benzinga Newsdesk | July 21, 2025 08:06am

Upexi purchased an additional 100,000 SOL, and anticipates it may generate up to approximately $26 million in annual staking revenue based on current SOL holdings

Company releases adjusted metrics for enhanced transparency and analysis

TAMPA, Fla., July 21, 2025 (GLOBE NEWSWIRE) --  Upexi, Inc. (NASDAQ:UPXI) (the "Company" or "Upexi"), a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, today announced the acquisition of 100,000 SOL, bringing its treasury holdings to 1,818,809 SOL worth $331 million. The recent purchase follows the successful closing of a roughly $200 million equity and convertible notes private placement last week.

Treasury and Staking Update

On July 17, Upexi purchased 100,000 SOL for $17.7 million, or $176.77 per SOL. The Company now holds 1,818,809 SOL, up 147% from the 735,692 SOL at the end of June and of which 56% were purchased in locked form for a discount. The 1.8 million SOL were acquired for $273 million and are valued at $331 million using the current price of SOL1 for an unrealized gain of approximately $58 million inclusive of both SOL appreciation and the locked SOL discount.

Upexi continues to stake substantially all its SOL, which generates an approximately 8% yield. Based on the current price of SOL and an 8% yield, Upexi anticipates it may generate up to approximately $26 million in annual staking revenue based on current SOL holdings.

Current Metrics (and Basic mNAV)

As of July 18, Upexi had a market cap of $402 million based on the 53.8 million shares currently issued and outstanding. In addition, Upexi holds 1.8 million SOL, for a net asset value (NAV) of $331 million. The $402 million market cap is equivalent to 1.2x the value of the SOL it holds, and Upexi will heretofore refer to this metric as the "Basic mNAV."

Posted In: UPXI