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Upexi Inc. (UPXI) announced its Solana holdings increased to 2 million SOL tokens valued at $334 million as of August 4, 2025. The company’s treasury grew 172% from 735,692 SOL at the end of June 2025.
The consumer products company raised over $200 million in July through a private placement of common stock and convertible notes. Chief Executive Officer Allan Marshall stated the company made multiple Solana purchases during the month, including 100,000 SOL on July 21 and 83,000 SOL on July 23.
Using the August 4 price of $167.26 per SOL and 58.9 million shares outstanding, Upexi holds approximately 0.0339 SOL per common share, equivalent to $5.68 per share. The company stakes substantially all its SOL holdings, generating an estimated 8% annual yield or approximately $65,000 daily revenue.
Approximately 57% of the portfolio consists of locked SOL purchased at a discount to spot prices. The company calculated its basic market-to-net-asset-value ratio at 0.9x and fully-loaded ratio at 1.6x based on its August 4 closing stock price of $5.02.
Upexi operates as a brand owner in consumer product development, manufacturing and distribution, with diversification into cryptocurrency portfolio management. The company maintains $40 million in outstanding debt and $7 million in cash on hand according to the treasury update.