Upexi Adds 88,750 Solana Tokens as Unrealized Gains Drop 79%

- Upexi boosts Solana (SOL) holdings to over 2.1 million. - Unrealized gains fall to $15 million following 15% price decline. On November 3, 2025, The Block reported that Nasdaq-listed Upexi increased its Solana (SOL) holdings by 4.4%. The treasury firm added 88,750 SOL since its last update on September 10, bringing its total to 2,106,989 SOL as of October 31. At the end of October, Upexi valued its treasury assets at $397 million. This represented an unrealized gain of $72 million based on a total acquisition cost of $325 million, with an average acquisition price of $157.66 per SOL. However, a 15% decline in SOL's price to approximately $160.94 caused the value of Upexi’s holdings to drop to around $340 million. As a result, the firm’s unrealized gains fell significantly to $15 million. This update reflects the ongoing challenges that treasury-focused digital asset firms face in a volatile market, as Upexi's own stock price has also declined 75% from its peak earlier this year. Responding to market pressures, Upexi’s CEO, Allan Marshall, stated, “Upexi remains positioned to grow despite reduced treasury company sentiment...we remain committed to creating long-term incremental value for shareholders.” Upexi’s treasury strategy involves staking nearly all of its SOL holdings. This approach generates approximately $75,000 in daily revenue and an estimated annual yield of 7%–8%. Additionally, about 42% of its holdings consist of locked SOL, which Upexi acquired at a “mid-teens discount” to the spot price, contributing further gains for investors. Upexi launched its treasury initiative in April. Since then, the company has increased its adjusted SOL per share by 47% in SOL terms and 82% in dollar terms. Shareholders who purchased stock at $2.28 have seen returns of 96%. This performance significantly surpassed Solana’s 24% price appreciation during the same period. As of 15:07 UTC on November 4, market survey data showed Solana (SOL) trading at $164.15. This price marked a 6.71% decline over the last 24 hours.