Upexi Inc. (Upxi), a diversified fire owner, said its inventory of Solana’s sun (sun) more than doubled in July, with the total amount of more than 2 million tokens.
The Tampa, Florida-based company, whose brands include Luckytail, Prax and Cure Mushrooms, said the financed purchases that raised more capital through the sale of joint stock and convertible notes.
“In the race. “And we continued to generate additional value for shareholders via an 8% stack yield and further purchase of reduced Locked Solana. ”
July, he said, was a “game-changing” month in which the company made several purchases, including 100,000 sun on the 21st and 83,000 sun on July 23.
In particular, a significant part of the sun was acquired as “Locked Sol” with a discount on the middle of the teens to the ongoing market rate that generated built -in winnings for shareholders.
From Monday, Upexi held 2,000,518 Sun, with its shares trading at a basic market’s net worth (MNAV) of 0.9x and a fully loaded MNAV of 1.6x. The shares rose 56% last month and added 9.1% Monday to $ 5.02.
The basic mnav means that Upexis market value is slightly higher than the total value of its traditional business and its crypto state box. The fully stressed version means that if all potential capital structural changes and cash implementations occur, the company’s self-esteem equivalent with a net worth of a fully adjusted basis would be 1.6 times its market capital.
While Upexi continues to specialize in consumer products, space, its cryptocurrency treasury strategy is now a core focus.
In addition to the Treasury update, the press release also investigated a broader development within the Solana ecosystem, including strong networking, proposed block limit increases and the launch of new protocols such as Jitos Block Assembly Marketplace.
The report also noted significant progress in Solana’s ETF landscape, where Rex-Oprys Solana Staking Etf surpassed $ 100 million in assets under management (AUM), and the US Securities and Exchange Commission requesting changed applications from potential Spot Sol ETF issuers.
The growing tokenization, with Backed Finance’s Xstocks launched on Solana’s defi -ecosystem, was also highlighted as a positive Tailwind.
