Upexi Increases Solana Holdings With Bold Moves

Key Points

1. Upexi purchased an additional 100,000 SOL, increasing its total holdings to 1,818,809 tokens, valued at around $331 million.

2. The acquisition was funded through a $200 million issuance, with over half of the tokens locked in at discounted purchase costs, resulting in $58 million in unrealized gains.

3. Most of Upexi's SOL tokens are staked, with an expected annual yield of up to $26 million based on an 8% yield rate.

4. SOL's price has shown strong performance, with a 0.26% increase in the last 24 hours, 20% over the past week, and 47.6% over the last month.

5. Technical analysis indicates SOL traded within a range of $11.48, peaking at $205.99, with strong resistance at $203.81 and recent volatility due to institutional sales.