Upexi, a company holding Solana as part of its corporate treasury, said Tuesday that it held 735,692 SOL at the end of June, an 8.2% increase from May.
The company’s stock has traded below $4 a share since plummeting about 60% when investors filed to sell millions of shares. Upexi briefly surged above $15 last month before retreating.
Upexi is part of a small group of firms trying to mirror Strategy’s success as a Bitcoin treasury firm, but by focusing on altcoins like Solana. Strategy’s stock price has soared along with the price of Bitcoin. Other companies pursuing stockpile-Solana strategies include DeFi Dev Corp and Canada’s SOL Strategies.
“June was a particularly active and successful month,” Upexi CEO Allan Marshall said in a statement. “We delivered on key initiatives, gaining listed options on Nasdaq, announcing our intention to tokenize our equity via Superstate, and joining Webull’s Corporate Connect Service platform. Looking ahead, we are laser-focused on increasing Upexi’s visibility and raising capital in an accretive fashion for the benefit of shareholders.”
Upexi said it is earning an 8% yield by staking its Solana. With SOL trading at $151.044 as of 10:57 a.m. ET, Upexi’s holdings were worth about $111 million, according to The Block Price Page.
© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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