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.