BlockBeats News, July 8th, 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, its holdings of SOL reached 735,692 coins, an 8.2% increase from May.
Since investors applied to sell off millions of shares, Upexi's stock price has dropped by about 60% and has remained below $4 per share ever since. Last month, the stock briefly surged to over $15, but then retraced.
Upexi is one of the few companies attempting to replicate Strategy's successful treasury strategy centered around Bitcoin, but focusing on altcoins like Solana. Strategy's stock price has seen a sharp increase as the Bitcoin price rises. Other companies pursuing a Solana accumulation strategy include DeFi Dev Corp and SOL Strategies in Canada.
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