Upexi's 15-minute chart shows Bollinger Bands Narrowing, KDJ Death Cross detected.

Based on the 15-minute chart of Upexi, there are several technical indicators that suggest a shift in market momentum. Firstly, the Bollinger Bands are narrowing, which indicates a decrease in the magnitude of stock price fluctuations. Additionally, the KDJ indicator has triggered a death cross, which signifies a shift in momentum towards the downside and potentially further decreases in stock price. These indicators suggest that the stock price is likely to experience a decrease in volatility and momentum, which could impact investor sentiment and potentially lead to further price declines.

In a significant move that underscores growing institutional confidence in Solana, Solana Company has announced plans to acquire over 5% of the SOL supply, valued at an estimated $6 billion. The company, previously known as Helius Medical Technologies, aims to pursue a secondary public listing in Hong Kong within six months. This strategic move positions Solana Company among the largest institutional holders in the Solana ecosystem.

The initiative, backed by Pantera Capital and the Solana Foundation, reflects a broader trend of corporate adoption of Solana assets. Solana Company currently holds 2.2 million SOL and has earmarked $15 million in cash reserves to expand its cryptocurrency treasury. The company's executive chairman, Joseph Chee, confirmed that the firm intends to accumulate more than 5% of the total Solana token supply, worth an estimated $6 billion. This strategic expansion reflects growing corporate interest in high-performance blockchain networks as alternative treasury assets.

Solana Company's move comes as several public firms diversify beyond Bitcoin and Ethereum to include next-generation blockchains in their financial strategies. The firm's treasury preference leans toward Solana due to its scalability and high transaction throughput, exceeding 1,500 transactions per second. This performance advantage offers both cost efficiency and long-term value, aligning with Solana Company’s strategic outlook.

In a recent statement, Chee confirmed that Solana Company plans to pursue a secondary public listing in Hong Kong within six months, pending regulatory and market conditions. He emphasized that the company seeks to align with Asia’s expanding digital asset infrastructure and capitalize on Hong Kong’s evolving crypto-friendly environment.

The firm has also secured institutional backing from Pantera Capital and Xia Yan Capital, alongside a partnership with the Solana Foundation to advance ecosystem development in Asia. Across the market, Solana treasury firms now collectively hold about 17.8 million SOL, representing roughly 3.1% of total supply. Forward Industries leads with 6.82 million SOL, followed by Sharps Technology with 2.14 million SOL. Other notable participants include DeFi Development Corp. and Upexi, each holding more than 2 million SOL. The accumulation trend highlights Solana’s rising role as a strategic asset for institutional portfolios, suggesting growing confidence in the blockchain’s long-term stability and scalability.

Sharps Technology, for instance, has expanded its Solana digital asset treasury strategy with Coinbase, acquiring over 2 million SOL valued at over $437 million at current SOL prices. The firm chose Coinbase for its institutional-grade infrastructure, deep liquidity, and competitive pricing, which are required to effectively manage the leading Solana treasury. This partnership underscores the increasing reliance on established digital asset service providers for treasury management.

The broader institutional participation in Solana underscores the blockchain's potential as a strategic asset for corporate treasuries. As Solana continues to gain traction, it is likely to see more institutional investors diversify their portfolios to include this high-performance blockchain network.