Upexi Goes All-In on Solana: Snags Another 100,000 SOL!

Hang onto your hats, crypto fans! Upexi, the Nasdaq-listed consumer products giant and the biggest corporate holder of Solana, just made a jaw-dropping move. They've scooped up another 100,000 SOL, and they're not messing around!

On July 21, Upexi dropped the bombshell that they had just grabbed an additional 100,000 Solana tokens. This monster buy pushed their Solana stash to a mind-blowing 1.8 million SOL, valued at a cool $331 million at the time of purchase. Back on July 17, Upexi snagged around $17.7 million worth of SOL at an average price of $176.77 per token. Talk about a power move!

Upexi's SOL stash has skyrocketed by 147% since they held just 735.7k SOL at the end of June. And get this: 56% of their Solana haul was locked, meaning they got it at a sweet discount. They even added another 56k SOL in June. These guys are on fire!

Upexi Rakes in $58 Million in Unrealized Gains

The Tampa, Florida-based company is sitting pretty with a total of 1.82 million SOL on their balance sheet, which cost them $273 million. And with Solana's price surging in recent weeks, Upexi's unrealized gains are now a whopping $58 million. Cha-ching!

Hold onto your seats because Solana's price has blasted above $190 as altcoins ride a massive wave of bullish momentum. And guess what? President Trump signing the GENIUS Act into law was a game-changer for crypto regulation in the U.S., sending altcoins soaring. Ethereum (ETH) even bounced above $3,800. It's a wild ride out there!

Upexi, which raked in $100 million in April to fuel its Solana-based treasury strategy, thinks they can score $26 million in staking revenue every year. That's some serious cash flow!

Allan Marshall, Upexi's fearless CEO, had this to say after their latest SOL splurge:

"Upexi was the first public company to go big with an altcoin digital asset treasury. In just three months, we've nailed two more killer capital raises, including an innovative in-kind convertible note, and pumped up our treasury to 1.8 million SOL or $331 million. With all our smart moves – from smart capital issuance to staking and snagging discounted locked SOL – we're dead set on creating huge value for our shareholders."

Upexi's Strategy Sparks a Crypto Treasury Revolution

Solana is making waves as one of the "Made in America" cryptos, and the buzz around spot SOL exchange-traded funds is off the charts. Everyone's waiting with bated breath for the SEC to give the green light.

But Upexi isn't the only one jumping on the Solana bandwagon. SOL Strategies and DeFi Development Corporation are also diving into the benefits of a Solana treasury strategy. These guys are ready to ride the wave!

Their plans for SOL treasury models are a direct response to the skyrocketing institutional interest in crypto. And let's not forget Michael Saylor's Strategy, the firm formerly known as MicroStrategy, which has inspired many with its Bitcoin (BTC) treasury now worth billions.

DeFi Development Corp isn't sitting on the sidelines either. They've beefed up their SOL holdings by a whopping 141,383 tokens between July 14 and July 20, 2025. The crypto world is on fire, and these companies are fanning the flames!