Upexi increases Solana treasury to 201,500 tokens

Upexi (UPXI) has increased its treasury of Solana to approximately 201,500 Solana tokens for $30 million, or $148.47 per SOL. Upexi closed on a $100 million private placement from leading cryptocurrency venture capital firms and key opinion leaders on April 24, 2025. Subsequent to its $30 million of SOL purchases, Upexi has over $60 million in cash remaining to invest further into Solana in the near-term. The Company is currently staking all SOL, and expects to receive approximately $2.4 million in annual staking revenue at the current price of SOL and staking yield, which is expected will increase to approximately $7.0 million once the additional funds are invested in SOL and staked. Staking provides holders of proof-of-stake-based cryptocurrencies a way to earn yield while also helping to secure the network.