In April 2025, Upexi Inc. (NASDAQ: UPXI), a Florida-based e-commerce company, established a Solana (SOL) treasury following a $100 million private placement led by GSR. This strategic move aimed to diversify assets and generate revenue through staking. (Source: Upexi Inc. - April 2025)
By May 2025, Upexi had accumulated approximately 201,500 SOL tokens, valued at around $30 million, purchased at an average price of $148.47 per SOL. The company is actively staking its SOL holdings, generating a yield of approximately 7.9%, which equates to over 48,000 tokens annually. (Source: Upexi Inc. - May 2025)
As of June 24, 2025, Upexi's staking activity has resulted in an unrealized gain of approximately $18.1 million. Upexi's stock (UPXI) is trading at $3.875 per share, reflecting a decrease of 61.25% from the previous close. (Source: June 24, 2025)