Upexi, Inc.

Upexi, Inc. is a U.S.-based public company (NASDAQ: UPXI) that has shifted its corporate treasury strategy to accumulate, hold, and stake Solana (SOL) as a core balance sheet asset in 2025, positioning itself as a Solana-first treasury operator within the public markets. The company has communicated a multi-pronged approach: (1) acquiring SOL for long-term holding, (2) staking SOL to generate validator rewards that enhance treasury yield, and (3) building operational capabilities around Solana-native infrastructure to support secure custody and on-chain treasury management. Management has described this pivot as a strategic response to the maturation of Solana’s ecosystem, citing high throughput, low fees, and growing developer and liquidity networks as key factors supporting SOL as a primary treasury reserve asset. As part of its rollout, Upexi outlined milestones including initial digital asset purchases in early 2025, subsequent concentration into SOL, and public updates on position size, staking status, and treasury risk controls. The company frames SOL holdings as both a strategic asset and an operational advantage, aiming to participate in network growth while maintaining public company transparency via filings, press releases, and periodic treasury disclosures.