Solana News Today: Upexi Boosts Solana Treasury with $16.7M Purchase, Stock Surges 28.5%

Upexi Inc. (NASDAQ: UPXI) has significantly expanded its Solana (SOL) treasury through a series of strategic acquisitions in early July 2025, marking a pivotal shift in its corporate strategy. The company announced the purchase of an additional 83,000 SOL for $16.7 million, elevating its total holdings to 1.9 million tokens, valued at approximately $381 million as of July 22 [1]. This follows a prior acquisition of 100,000 SOL at $176.77 per token, which increased its holdings to 1.82 million SOL, valued at $331 million [2]. The combined investment now represents a cumulative cost of $273 million for the 1.8 million SOL, with an unrealized gain of $58 million due to Solana’s price appreciation [3].

The treasury expansion was funded through a $200 million issuance of shares and convertible bonds, marking Upexi’s third major capital infusion into Solana since April [2]. Over half of its tokens were acquired at discounted prices, locked under long-term holding strategies. The company’s holdings are projected to generate up to $26 million in annual staking revenue at the current 7.3% annual percentage yield (APY) [4]. Upexi CEO Allan Marshall emphasized the move as “the first instance of altcoin treasury management in public markets,” positioning the firm as a bridge between traditional finance and digital assets [4].

Solana’s price has surged in recent months, trading at $198.33 as of July 23—a 47.6% increase over the past month and a 20% rise in the last week [1]. Analysts attribute this momentum to the blockchain’s scalability and staking yields, which have attracted institutional buyers. A cryptocurrency specialist known as “Christiaan” forecasted a potential price range of $400–$500 for SOL under current bullish trajectories, highlighting its technical indicators and market sentiment [1].

Upexi’s strategy aligns with broader trends in institutional crypto adoption. Its Solana treasury now accounts for a substantial portion of its market value, with the firm’s stock surging 28.5% intraday following the July 22 purchase announcement [4]. The average cost basis for its 1.8 million SOL is approximately $151.67 per token, compared to a valuation of $181.68, underscoring the gap between acquisition costs and current market prices [1]. This discrepancy reflects both market optimism and the company’s ability to execute large transactions without significantly impacting Solana’s price.

The firm’s approach has sparked discussions about the role of corporate treasuries in crypto markets. Upexi’s introduction of a “Basic mNAV” metric—a market value/SOL net asset value ratio—signals a data-driven approach to portfolio management [3]. Additionally, its staking strategy could inspire other firms to explore similar models, leveraging blockchain technology for diversified revenue streams.

While Upexi has not disclosed future purchase plans, its track record suggests a long-term holding horizon. The company’s stock has surged 67% in the week following the treasury expansion, illustrating the potential for firms to capitalize on digital asset trends [7]. However, the strategy carries risks, including exposure to Solana’s price volatility and regulatory uncertainties in the crypto sector.

Solana’s recent rally has also intensified interest in projects leveraging its ecosystem. Trading volumes for SOL peaked at 3.77 million units during its July 22–23 surge, though institutional selling temporarily pushed the price below $200 [3]. Analysts note that Upexi’s aggressive accumulation aligns with its publicized policy of prioritizing Solana on its balance sheet, emphasizing the blockchain’s scalability and staking yields as key advantages [5].

The market’s response to Upexi’s strategy underscores growing institutional adoption of Solana. As the sixth-largest digital currency by market cap, Solana’s robust yield and liquidity position it as a strategic asset for corporations seeking exposure to blockchain innovation. Observers will likely monitor Upexi’s future actions and Solana’s price trajectory for insights into the evolving intersection of traditional finance and decentralized markets.

Source:

[1] [Upexi acquires additional 83000 SOL for $16.7 million](https://www.investing.com/news/company-news/upexi-acquires-additional-83000-sol-for-167-million-93CH-4148137)

[2] [Upexi Acquires 100000 SOL, Anticipates $26 Million in ...](https://www.nasdaq.com/articles/upexi-acquires-100000-sol-anticipates-26-million-annual-staking-revenue)

[3] [Upexi Grows Treasury to 1.819 Million SOL Worth $331 ...](https://www.gurufocus.com/news/2990078/upexi-grows-treasury-to-1819-million-sol-worth-331-million-with-a-58-million-unrealized-gain-in-under-three-months-upxi-stock-news)

[4] [Upexi's Solana Bet Ignites 28% Intraday Surge—Is This the ...](https://www.ainvest.com/news/upexi-soars-28-solana-treasury-expansion-fueling-frenzy-2507/)

[5] [$1][S-1] Upexi, Inc. Files IPO Registration Statement](https://www.stocktitan.net/sec-filings/UPXI/s-1-upexi-inc-files-ipo-registration-statement-3af18cef599a.html)

[7] [Upexi's cryptocurrency strategy pays off with 67% weekly ...](http://www.msn.com/en-us/money/topstocks/upexi-s-cryptocurrency-strategy-pays-off-with-67-weekly-gain/ar-AA1IRuWv?apiversion=v2&batchservertelemetry=1&domshim=1&noservercache=1&noservertelemetry=1&ocid=finance-verthp-feeds&renderwebcomponents=1&wcseo=1)