Solana News Today: Upexi Boosts Solana Holdings by 147% in Two Months

Upexi, a Nasdaq-listed consumer products company and the largest corporate holder of the Solana cryptocurrency, has expanded its holdings by purchasing an additional 100,000 SOL tokens. This acquisition, completed on July 17, 2025, increased Upexi's Solana treasury to over 1.8 million SOL, valued at more than $331 million at the time of purchase. The company acquired these tokens at an average price of $176.77 per SOL, totaling approximately $17.7 million.

Upexi's SOL holdings have surged by 147% since June 30, 2025, when the company held roughly 735,700 SOL. Notably, 56% of Upexi's Solana holdings are in locked form, acquired at a discount. In June, the firm added 56,000 SOL to its treasury. The total of 1.82 million SOL on Upexi's balance sheet represents a total investment of $273 million. With Solana's price rising in recent weeks, Upexi's unrealized gains stood at $58 million.

Upexi's strategy involves not only acquiring SOL at a discount but also staking a significant portion of its holdings to generate annual staking revenue of around $26 million. This approach underscores the company's long-term commitment to the Solana network and its belief in the platform's growth potential. Allan Marshall, the chief executive officer of Upexi, highlighted the company's innovative capital issuance and staking mechanisms, expressing confidence in creating significant value for shareholders.

Solana has gained significant attention as one of the "Made in America" cryptocurrencies, with growing interest in spot SOL exchange-traded funds ahead of a highly anticipated SEC approval. Upexi's strategy has inspired other companies, such as SOL Strategies and DeFi Development Corporation, to explore similar Solana treasury models. These firms are responding to rising institutional interest in crypto, with Michael Saylor’s Strategy serving as a key inspiration for many due to its substantial Bitcoin treasury.

DeFi Development Corp has also increased its SOL holdings by 141,383 additional tokens, acquired between July 14 and July 20, 2025. This move further highlights the growing trend of companies diversifying their treasuries by investing in high-potential digital assets like SOL. Upexi's forward-thinking approach to treasury management is likely to inspire other companies to follow suit, further boosting the Solana ecosystem and its potential for growth.