Upexi grows treasury to 1.819M SOL

Upexi (UPXI) announced the acquisition of 100,000 SOL, bringing its treasury holdings to 1,818,809 SOL worth $331M. The recent purchase follows the successful closing of a roughly $200 million equity and convertible notes private placement last week. On July 17, Upexi purchased 100,000 SOL for $17.7 million, or $176.77 per SOL. The Company now holds 1,818,809 SOL, up 147% from the 735,692 SOL at the end of June and of which 56% were purchased in locked form for a discount. The 1.8 million SOL were acquired for $273 million and are valued at $331 million using the current price of SOL for an unrealized gain of approximately $58 million inclusive of both SOL appreciation and the locked SOL discount. Upexi continues to stake substantially all its SOL, which generates an approximately 8% yield. Based on the current price of SOL and an 8% yield, Upexi anticipates it may generate up to approximately $26 million in annual staking revenue based on current SOL holdings.