Upexi Shares Slide After $1B Filing to Expand Solana Treasury
Shares of Upexi fell sharply on Tuesday after the corporate filed to elevate up to $1 billion, a transfer geared toward increasing its Solana treasury and supporting different token-related initiatives.
Key Takeaways:
- Upexi shares fell after the corporate filed to elevate up to $1 billion to broaden its Solana treasury.
- The agency holds 2.1 million SOL value about $262 million however has paused purchases amid a broader market pullback.
- Declining Solana costs have reduce the worth of Upexi’s treasury by greater than half from its peak.
The inventory closed down 7.5% at $1.84 following the submitting, although it recovered some floor in after-hours buying and selling, rising 4.3% to $1.92, in accordance to Google Finance information.
In a shelf registration statement filed with the US Securities and Exchange Commission, Upexi stated the providing might embody frequent and most popular inventory, debt securities, warrants and models issued over time.
Upexi Pivots to Solana Treasury Strategy With $262M in SOL Holdings
The firm stated proceeds can be used for common company functions, with a major concentrate on accumulating Solana and staking the tokens to generate extra yield.
Upexi at present holds 2.1 million SOL valued at about $262.3 million, making it the fourth-largest company Solana treasury, in accordance to CoinGecko.
The firm adopted its Solana-focused technique in late April, pivoting away from its earlier shopper merchandise and e-commerce enterprise.
However, Upexi has not added to its Solana holdings since July 23, reflecting a broader slowdown in company crypto treasury purchases within the second half of 2025.
The pullback comes as digital asset costs have declined and investor confidence in treasury-driven crypto methods has weakened.
The worth of Upexi’s Solana holdings has fallen sharply alongside the token’s worth. At its peak in mid-September, the corporate’s SOL treasury was valued at roughly $525 million.
At present costs, that determine has dropped by greater than half, leaving Upexi with an estimated paper lack of about 19%.
Solana was buying and selling close to $123.75 on the time of writing, down 57.5% from its all-time high of $293.31 set in January 2025, CoinGecko information exhibits.
The submitting underscores the dangers going through firms which have tied their stability sheets carefully to risky digital belongings, whilst some proceed to pursue aggressive accumulation methods in anticipation of a market rebound.
Solana Shrugs Off One of the Largest DDoS Attacks on Record
As reported, Solana has successfully withstood an enormous distributed denial-of-service (DDoS) assault that peaked at practically 6 terabits per second, rating among the many largest ever recorded on the web.
The assault, which lasted for greater than per week, didn’t disrupt community exercise, with Solana persevering with to course of transactions usually and sustaining sub-second affirmation instances, in accordance to information shared by SolanaFlooring.
The incident locations Solana alongside main centralized infrastructure suppliers comparable to Google Cloud, Cloudflare and AWS, which have beforehand confronted record-scale DDoS assaults.
Despite the dimensions of the site visitors, Solana’s validators and core infrastructure absorbed the load with out efficiency degradation, highlighting enhancements within the community’s resilience in contrast to earlier intervals marked by congestion and outages.
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