Upexi's SOL Holdings Surpass 735,000 Tokens as It Seeks to Enter the Tokenized Equity Sector
BlockBeats News, July 8—According to The Block, Upexi is a company that has incorporated Solana into its corporate treasury assets. The company stated that as of the end of June, it held 735,692 SOL, representing an 8.2% increase compared to May.
Since investors filed to sell millions of shares, Upexi’s stock price has dropped by about 60% and has remained below $4 per share since then. Last month, the stock briefly surged above $15, but quickly retreated.
Upexi is one of the few companies attempting to replicate the successful treasury strategy of MicroStrategy, which centers on Bitcoin, but Upexi’s focus is on altcoins such as Solana. MicroStrategy’s stock price has soared alongside the rise in Bitcoin’s price. Other companies adopting a Solana accumulation strategy include DeFi Dev Corp and Canada’s SOL Strategies.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Jim Cramer Ties CPI Relief to $40 Oil, but Brent Trades Over $92
New Zealand Dollar strengthens despite decreasing RBNZ rate hike odds
Report: Anthropic Plans to Raise Issuance Price, Seeks $1.5 Trillion Valuation, and Aims to Raise Over $100 Billion
Anthropic's IPO roadshow received strong investor demand within less than a day, prompting underwriters to consider raising the offering price to above $78 per share. The company’s valuation is expected to surpass 1.5 trillions USD, with total fundraising likely to exceed 100 billions USD. According to three Anthropic shareholders, the company's main goal is to raise as much capital as possible to support its extensive computing power expenditure plans.
Crypto prices
More
