Upexi Acquires 100,000 SOL, Anticipates $26 Million in Annual Staking Revenue

Upexi acquired 100,000 SOL, increasing its holdings to 1.8 million, potentially generating $26 million in annual staking revenue.

Quiver AI Summary

Upexi, Inc. announced the acquisition of an additional 100,000 SOL, increasing its total holdings to 1,818,809 SOL, worth approximately $331 million. The recent purchase, made for $17.7 million, contributes to Upexi's anticipated annual staking revenue of up to $26 million based on current SOL prices. After successfully completing a $200 million capital raise, Upexi's treasury has grown significantly, showcasing its strategy to generate value through staking and smart capital management. The company reports a market cap of $402 million, comparable to 1.2 times the value of its SOL holdings, and provides adjusted metrics to enhance transparency for investors. Upexi aims to leverage its position within the cryptocurrency market, anticipating growth as blockchain adoption increases and awaits supportive legislation in the U.S.

Potential Positives

Upexi increased its SOL holdings to 1,818,809 SOL, valued at approximately $331 million, representing a significant growth of 147% since the end of June.
The latest acquisition of 100,000 SOL may position Upexi to generate up to $26 million in annual staking revenue, enhancing its potential for profitability.
The company's market cap of $402 million is currently equivalent to 1.2 times the value of its SOL holdings, indicating a favorable valuation.
Upexi's innovative capital structure and staking strategy may provide multiple avenues for shareholder value creation, as noted by executives in the release.

Potential Negatives

Upexi's heavy investment in SOL could be seen as risky, particularly if the value of SOL fluctuates significantly, potentially leading to unrealized losses despite current valuations.
The reliance on staking revenue from SOL may expose Upexi to volatility in the cryptocurrency market, complicating revenue stability.
The forward-looking statements indicate a degree of uncertainty regarding future performance and profitability, which may raise concerns among investors about the company's projections and assumptions.

FAQ

What recent acquisition did Upexi make in the cryptocurrency sector?

Upexi purchased an additional 100,000 SOL, increasing its treasury holdings significantly.

How much annual staking revenue does Upexi anticipate from its SOL holdings?

Upexi anticipates generating approximately $26 million in annual staking revenue based on current SOL holdings.

What is the current market cap of Upexi?

As of July 18, 2025, Upexi had a market cap of $402 million.

How much SOL does Upexi currently hold?

Upexi currently holds 1,818,809 SOL valued at approximately $331 million.

What does Upexi see as a potential advantage in blockchain adoption?

Upexi believes it is well-positioned to benefit from increasing blockchain adoption and rising treasury values.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$UPXI Insider Trading Activity

$UPXI insiders have traded $UPXI stock on the open market 4 times in the past 6 months. Of those trades, 4 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $UPXI stock by insiders over the last 6 months:

ALLAN MARSHALL (Chief Executive Officer) has made 2 purchases buying 782,895 shares for an estimated $1,825,000 and 0 sales.
GENE SALKIND purchased 241,229 shares for an estimated $550,002
ANDREW JAMES NORSTRUD (Chief Financial Officer) purchased 43,860 shares for an estimated $100,000

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Full Release

Upexi purchased an additional 100,000 SOL, and anticipates it may generate up to approximately $26 million in annual staking revenue based on current SOL holdings
Company releases adjusted metrics for enhanced transparency and analysis

TAMPA, Fla., July 21, 2025 (GLOBE NEWSWIRE) -- Upexi, Inc. (NASDAQ: UPXI) (the “Company” or “Upexi”), a brand owner specializing in the development, manufacturing and distribution of consumer products with diversification into the cryptocurrency space, today announced the acquisition of 100,000 SOL, bringing its treasury holdings to 1,818,809 SOL worth $331 million. The recent purchase follows the successful closing of a roughly $200 million equity and convertible notes private placement last week.

Treasury and Staking Update

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 ¹ 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.

“Upexi was the first public company to raise a large-scale equity private placement for an altcoin digital asset treasury,” said Allan Marshall, Chief Executive Officer of Upexi. “In just three months, we have successfully closed two additional accretive capital raises, including a highly innovative in-kind convertible note, and grew the treasury to 1.8 million SOL or $331 million. With multiple value accrual mechanisms – from intelligent capital issuance to staking and discounted locked SOL purchases – we are confident we can and will continue to create significant value for shareholders.”

Brian Rudick, Upexi Chief Strategy Officer, added, “Underpinned by the leading high performance blockchain and with digital asset legislation in the US poised to pass, Upexi is well-positioned to benefit from increasing blockchain adoption. From a rising treasury value to an expanding multiple and more accretive issuances, Upexi offers investors multiple potential ways to benefit should Solana perform well in the future. We believe this positions Upexi as an optimal vehicle for investors seeking exposure to digital assets.”

Current Metrics (and Basic mNAV)

As of July 18, Upexi had a market cap of $402 million based on the 53.8 million shares currently issued and outstanding. In addition, Upexi holds 1.8 million SOL, for a net asset value (NAV) of $331 million. The $402 million market cap is equivalent to 1.2x the value of the SOL it holds, and Upexi will heretofore refer to this metric as the “Basic mNAV.”

Current Metrics

Sources: Yahoo Finance, CoinGecko. Note: UPXI price as of Friday, July 18, 2025 at 4:00pm EST.

Adjusted Metrics (and Fully-Loaded mNAV)

Management believes financials adjusted for certain possible or likely items can supplement investor analysis and is thus providing the following information assuming 1) pre-funded warrants are converted into common equity shares, 2) the roughly $150 million convertible notes convert to equity, 3) the outstanding line is repaid, and 4) cash on hand is used to buy Solana.

Under the above assumptions, Upexi has an adjusted share count of 94.2 million, equating to an adjusted market cap of $705 million using Friday’s closing price, and its adjusted net asset value is $331 million. This adjusted market cap is equivalent to 2.1x the adjusted value of the SOL it holds, and Upexi will heretofore refer to this metric as the “Fully-Loaded mNAV”.

Adjusted Metrics

Sources: Yahoo Finance, CoinGecko. Note: UPXI price as of Friday, July 18, 2025 at 4:00pm EST. Assumes cash on hand is used to buy spot SOL.

About Upexi, Inc.
Upexi is a brand owner specializing in the development, manufacturing, and distribution of consumer products. The Company has entered the cryptocurrency industry and cash management of assets through a cryptocurrency portfolio. For more information on Upexi’s treasury strategy and future developments, visit www.upexi.com .

Follow Upexi on X - https://twitter.com/upexitreasury
Follow CEO, Allan Marshall, on X - https://x.com/marshall_a22015
Follow CSO, Brian Rudick, on X - https://x.com/thetinyant

Forward Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations, or intentions regarding the future. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with business strategy, potential acquisitions, revenue guidance, product development, integration, and synergies of acquiring companies and personnel. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward- looking statements. Although we believe that the beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

Company Contact
Brian Rudick, Chief Strategy Officer
Email:[email protected]
Phone: (216) 347-0473

Media Contact
Gasthalter & Co.
[email protected]

Investor Relations Contact
KCSA Strategic Communications
Valter Pinto, Managing Director
Email: [email protected]
Phone: (212) 896-1254

¹ Uses the SOL price as of 4:00pm EST on Sunday, July 20, 2025 throughout this press release.

Photos accompanying this announcement are available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a8b0dbd1-98af-4feb-bacd-a1f75df4b026

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