Upexi Inc. Soars 9.83% on Solana Treasury Boost
1min read Upexi Inc. (NASDAQ: UPXI) saw a significant pre-market rise of 9.83% on May 8, 2025, reflecting strong investor interest and market momentum.
Upexi has recently increased its Solana treasury to 201,500 tokens, valued at approximately $30 million. This move is part of the company's strategy to maximize staking revenue, with expectations of generating up to $7 million annually once the full treasury allocation is staked. The company's CEO, Allan Marshall, emphasized their goal to acquire and hold as many SOL tokens as possible, leveraging the current market conditions to enhance their financial position.
Upexi's decision to boost its Solana holdings comes on the heels of a $100 million private placement from leading crypto venture capitalists and influencers. With over $60 million in remaining cash, the company is well-positioned to continue acquiring and staking additional SOL tokens, further solidifying its presence in the Solana ecosystem.
