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Solana treasury firm Upexi now holds over 2.1 million SOL, up 4.4%.
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The firm’s adjusted SOL per share rose 82%, with investors up 96% since April.
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Nearly all holdings are staked, generating 7–8% annual yield.
Strong Treasury Growth Amid Market Volatility
Nasdaq-listed Upexi reported that its Solana holdings rose by 88,750 SOL to a total of 2,106,989 SOL as of Oct. 31. Based on Solana’s end-of-month price of $188.56, the holdings were valued at about $397 million, representing an unrealized gain of $72 million.
Navigating the Market Downturn
After the recent market pullback, SOL prices dropped 15% to roughly $161, trimming Upexi’s gains to around $15 million. Despite this, the firm remains confident in its long-term strategy.
Strong Returns for Investors
Upexi’s adjusted SOL per share increased 82% since April, while investors who joined its $100 million private placement have seen 96% returns, outperforming Solana’s 24% gain in the same period.
Focus on Yield and Growth
Nearly all of Upexi’s SOL is staked, earning around $75,000 daily in rewards. The company continues to pursue “peer-leading multiples” and strong liquidity, backed by its partnership with GSR and former GSR executive Brian Rudick.
