Upexi surpasses 2M Solana in treasury

Upexi (UPXI) released its periodic update. “July was a game-changing month for Upexi, particularly with respect to accretive capital raises and a resulting drastic increase in our Solana treasury,” stated Allan Marshall, Upexi’s Chief Executive Officer. “During the month, we raised over $200 million and grew our Solana holdings by over 172% to 2 million SOL. And we continued to generate additional value for shareholders via an estimated 8% staking yield and additional purchases of discounted locked Solana.”Treasury Update as of August 4, 2025: Treasury: Upexi held 2,000,518 SOL, up 172% from the 735,692 SOL at the end of June 2025. Net Asset Value: Using the August 4, 2025 price of $167.26 per SOLi, the 2,000,518 SOL are valued at $334 million. SOL per Share: Using 58.9 million shares issued and outstanding on August 4, 2025, Upexi has approximately 0.0339 SOL per common share, or $5.68 per common share. Staking: Substantially all the Company’s SOL are being staked, earning an ~8% yield. The current daily yield is approximately $65,000 a day in revenue. Locked SOL: Approximately 57% of the portfolio was locked SOL when purchased at a mid-teens discount to the SOL spot price and providing for built-in gains for shareholders. Valuation: Using the closing price of Upexi stock on August 4, 2025, Upexi traded at a Basic mNAV of 0.9x and a Fully-Loaded mNAV of 1.6x.