Upexi Grows Treasury to 1.819 Million SOL Worth $331 Million with a $58 Million Unrealized Gain in Under Three Months

Core Insights - Upexi has acquired an additional 100,000 SOL, increasing its total holdings to 1,818,809 SOL valued at approximately $331 million, and anticipates generating up to $26 million in annual staking revenue based on current holdings [1][3][4] Treasury and Staking Update - The recent purchase of 100,000 SOL was made for $17.7 million, or $176.77 per SOL, marking a 147% increase in holdings from 735,692 SOL at the end of June [2] - Upexi's total SOL holdings were acquired for $273 million, with an unrealized gain of approximately $58 million due to SOL appreciation and discounts on locked SOL [2] Financial Metrics - As of July 18, Upexi's market cap stood at $402 million, with a Basic mNAV of 1.22, indicating the market cap is 1.2 times the value of the SOL held [5] - The adjusted market cap, assuming certain financial adjustments, is estimated at $705 million, leading to a Fully-Loaded mNAV of 2.13, which is 2.1 times the adjusted value of the SOL held [8][9] Management Commentary - Upexi's CEO highlighted the company's innovative capital raises and the strategic growth of its treasury, emphasizing confidence in creating significant shareholder value through various mechanisms [4] - The Chief Strategy Officer noted the favorable positioning of Upexi in the blockchain space, anticipating benefits from increasing adoption and potential legislative changes in the U.S. [4]