**Upexi’s Solana Treasury Rises 4.4% Amid Crypto Downturn**
Nasdaq-listed Solana treasury firm Upexi (UPXI) has expanded its holdings by 4.4% to over 2.1 million SOL, even as broader market sentiment remains cautious. The company’s updated disclosure shows that as of October 31, its total holdings reached 2,106,989 SOL, reflecting an increase of nearly 88,750 SOL since early September.
### Upexi’s Treasury Growth and Market Position
According to The Block data, Upexi’s total Solana holdings were valued at $397 million at the end of October, based on a $188.56 market price per SOL. The firm acquired its tokens at an average price of $157.66, bringing the total cost to $325 million. This leaves an unrealized gain of $72 million, which includes staking yields and discounts from locked SOL purchases.
Currently, Upexi’s holdings stand at around $340 million, trimming its paper gain to about $15 million.
CEO Allan Marshall commented, “Upexi remains positioned for growth despite reduced sentiment toward treasury companies.” He added that the firm continues to build “long-term incremental value for shareholders” through its Solana strategy.
### Outpacing Solana’s Performance
Since the launch of its Solana treasury initiative in April, Upexi has reported an adjusted 0.0187 SOL per share, equivalent to $3.52. This represents a 47% rise in Solana terms and an 82% gain in dollar terms.
Investors who participated in the $100 million private placement led by GSR have seen a 96% return, outperforming Solana’s 24% increase during the same period.
The company’s Chief Strategy Officer, Brian Rudick, noted that Upexi holds a peer-leading multiple with solid trading volumes, intending to leverage that position for shareholder benefit.
Nearly all of the company’s SOL is staked, generating an estimated 7% to 8% annual yield and roughly $75,000 in daily staking income.
### Solana Faces Short-Term Pressure
As of press time, Solana trades around $156.93, marking a 7.49% daily decline and a 21.19% drop over recent weeks.
—
*Source: BitcoinEthereumNews.com*
https://bitcoinethereumnews.com/crypto/upexis-solana-treasury-rises-4-4-amid-crypto-downturn/