Solana Investment Surge: Upexi Amasses $447 Million Portfolio
Upexi has significantly boosted its solana stake, amassing a $447 million portfolio. The company owns over 2 million SOL tokens, revealing a robust strategy.
As April, the adjusted SOL per share climbed by 129%, mainly due to staking rewards and acquiring locked SOL at a discount. This strategic move showcases their confidence in Solana’s long-term prospects.
The latest update shows Upexi’s holdings valued at $447 million, based on SOL’s price of $221.59. The firm reaped an unrealized gain of $142 million from price gratitude and savvy investments, earning around $105,000 daily in staking returns.
Upexi insists its Solana investment complements, not replaces, its core business. They continue to develop consumer products while diversifying their corporate treasury.
- About 53% of Upexi’s SOL is locked, purchased at a mid-teens percentage discount.
- This approach ensures an instant gain for shareholders and displays their commitment to Solana.
To manage this new asset class effectively,Upexi assembled an advisory committee featuring Arthur Hayes,co-founder of BitMEX.
Upexi isn’t alone; other companies like DeFi Development Corp also hold ample SOL amounts. This trend reflects rising institutional interest in Solana, solidifying its position in the crypto market.
Solana’s market performance remains strong. According to crypto.news, SOL gained 2.14% in a 24-hour period despite market uncertainties. It also saw a weekly increase of 11.2%, benefiting firms like Upexi that bet big on Solana.
