Upexi, Inc. Buys Additional Locked SOL at a Discount for $11.8 million

Core Insights - Upexi, Inc. has purchased 77,879 locked SOL at a price of $151.50 each, totaling $11.8 million, which has resulted in a built-in gain of $2.1 million or 17.7% based on the current price of $178.26 [1][2][3] - The company now holds a total of 679,677 SOL, acquired for $96.5 million, with a current valuation of $121.2 million, reflecting a gain of $24.5 million from both appreciation and discounts [2][3] - CEO Allan Marshall emphasized the strategic nature of this purchase, highlighting its potential to provide investors access to discounted locked Solana and effectively double the staking yield [3] Company Overview - Upexi, Inc. specializes in the development, manufacturing, and distribution of consumer products and has diversified into the cryptocurrency sector through a cryptocurrency portfolio [4] - The company is focused on acquiring and holding SOL to benefit its shareholders [3][4]