Upexi Shares Drop After $16.7M Cryptocurrency Purchase

Dow Jones

2025/07/24

By Chris Wack

Upexi shares were 10% lower, at $6.97, after the company said it bought 83,000 solana for $16.7 million, or $201.34 per solana.

The company, which specializes in the development, manufacturing and distribution of consumer products with diversification into cryptocurrency, said the purchase brings its holdings to 1.9 million solana. worth more than $381 million using the $200.60 spot price of solana as of 5 p.m. ET Tuesday.

Upexi said it will continue to buy and hold solana for the "benefit of shareholders."

On Monday, the company said it bought 100,000 solana.

Solana was trading at $196.78 a unit at 12:40 p.m. ET, down 6.7% in the past 24 hours, but up 37% in the past month.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

July 23, 2025 12:47 ET (16:47 GMT)

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Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UPXI","symbol_name":"Upexi, Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2553421632","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2553421632","pubTimestamp":1753289220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Upexi shares were 10% lower, at $6.97, after the company said it bought 83,000 solana for $16.7 million, or $201.34 per solana.The company, which specializes in the development, manufacturing and distribution of consumer products with diversification into cryptocurrency, said the purchase brings its holdings to 1.9 million solana. worth more than $381 million using the $200.60 spot price of solana as of 5 p.m. ET Tuesday.Upexi said it will continue to buy and hold solana for the \"benefit of shareholders.\". On Monday, the company said it bought 100,000 solana.Solana was trading at $196.78 a unit at 12:40 p.m. ET, down 6.7% in the past 24 hours, but up 37% in the past month.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"UPXI":"Upexi, Inc.","BK4183":"个人用品","BK4539":"次新股"},"translate_title":"Upexi股价在购买1670万美元加密货币后下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UPXI":0.9},"content_text":"By Chris Wack \n\n\n \n\n\n  Upexi shares were 10% lower, at $6.97, after the company said it bought 83,000 solana for $16.7 million, or $201.34 per solana. \n\n\n  The company, which specializes in the development, manufacturing and distribution of consumer products with diversification into cryptocurrency, said the purchase brings its holdings to 1.9 million solana. worth more than $381 million using the $200.60 spot price of solana as of 5 p.m. ET Tuesday. \n\n\n  Upexi said it will continue to buy and hold solana for the \"benefit of shareholders.\" \n\n\n  On Monday, the company said it bought 100,000 solana. \n\n\n  Solana was trading at $196.78 a unit at 12:40 p.m. ET, down 6.7% in the past 24 hours, but up 37% in the past month. \n\n\n \n\n\n  Write to Chris Wack at chris.wack@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  July 23, 2025 12:47 ET (16:47 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}