TLDR
- Upexi surges on Solana gains, staking income, and strategic market moves.
- Crypto-backed treasury fuels Upexi’s rise, with staking adding steady revenue
- Upexi rallies as Solana treasury hits $447M, boosting shareholder value.
- Strong Solana gains and staking revenues push Upexi stock momentum higher.
- Upexi bridges brands and blockchain, unlocking value with Solana strategy.
Upexi, Inc.(UPXI) closed September 11 with a 4.03% rise during regular hours, ending at $5.68 per share. The momentum continued in after-hours trading with a further 0.87% gain, taking the stock to $5.73.
The movement follows the company’s update showcasing significant growth in its Solana-based treasury strategy and broader operational milestones.
This performance highlights Upexi’s success in integrating cryptocurrency into its asset model while maintaining its consumer brand business. The company’s recent strategic update points to solid gains, led by asset appreciation and staking revenues. Upexi also added new expertise to its Advisory Committee and increased institutional exposure at key finance conferences.
Strong treasury results, increasing staking revenues, and a favorable NAV valuation ratio now define Upexi’s current outlook.The company’s clear execution of its treasury strategy has yielded measurable shareholder value. Market participants responded to these tangible results, fueling momentum behind the stock’s recent rise.
Solana Holdings Fuel $447M Treasury, With Built-In Gains
Upexi’s Solana (SOL) holdings grew to 2,018,419 tokens by September 10, marking a 1% increase from August. Using the SOL price of $221.59, the company’s crypto assets are now worth $447 million. This valuation reflects a robust unrealized gain of $142 million, driven by asset appreciation and strategic discounts.
Upexi originally acquired its SOL assets at an average of $151.44 per token, building substantial embedded value. Approximately 53% of the holdings are in locked SOL, bought at a mid-teens discount to market rates. These built-in gains now provide a reliable buffer and upside for shareholders.
The company is staking nearly all of its SOL, generating an 8% annualized yield. Upexi currently earns about $105,000 daily in staking rewards, creating a meaningful revenue stream. This consistent crypto income strengthens its operating model while diversifying beyond traditional product-based revenue.
Per Share Metrics and mNAV Signal Undervaluation
Upexi introduced an adjusted SOL per share metric, providing a more precise measure of treasury-backed value. As of September 10, the adjusted figure stood at 0.0197 SOL per share or $4.37 in value. Since launching the strategy, this figure has surged by 129%.
This per-share value growth outpaced the company’s stock price increase, highlighting a potential valuation gap. On September 10, Upexi traded at a Basic modified Net Asset Value (mNAV) multiple of 0.7x. Even on a Fully Loaded mNAV basis, the stock stood at just 1.2x.
These multiples suggest the market has yet to price in the company’s crypto-backed treasury performance fully. With continued execution and consistent updates, the gap between intrinsic and market value could continue to narrow. Upexi now positions itself as both a consumer brand operator and a strategically leveraged digital asset holder.
Strategic Moves Broaden Institutional Reach and Governance
In recent weeks, Upexi has taken steps to expand its institutional visibility and governance structure. The company welcomed Arthur Hayes to its newly formed Advisory Committee to provide strategic guidance. His presence is expected to enhance confidence and engagement from key market participants.
Upexi participated in three traditional finance conferences, engaging with high-quality asset managers. These engagements strengthened brand recognition across both retail and institutional circles. Through clear messaging and demonstrated performance, Upexi continues to build momentum in both market presence and treasury value.
The company also completed three capital raises, all of which are currently in the money. These transactions signal both market confidence and prudent financial planning. Altogether, Upexi’s recent moves reinforce its dual strategy of consumer product growth and digital asset value creation.
