SOL Treasury Firm Upexi Announces Acquisition of 88,750 SOL

BlockBeats News, November 4th, according to The Block, since September 10th, the SOL treasury company Upexi has announced another purchase of 88,750 SOL, increasing its total holdings to over 2.1 million SOL, reaching 2,106,989 SOL. Based on the end-of-month price of $188.56, the total value of the position is approximately $397 million, realizing an unrealized gain of about $72 million compared to the purchase cost of $325 million.

Upexi stated that almost all of its held SOL is used for staking, with an expected yield between 7% to 8%, generating daily income of around $75,000.