Upexi, a Nasdaq-listed company, has increased its holdings of Solana (SOL) to over 1.8 million coins, valued at approximately 331 million USD.
This investment is expected to help Upexi raise about 26 million USD per year from SOL staking while recording unrealized gains of 58 million USD in just the last three months.
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Upexi currently owns 1,818,809 SOL, valued at 331 million USD.
The projected annual staking income is expected to reach nearly 26 million USD.
The company completed its private fundraising of 200 million USD and recorded unrealized gains of 58 million USD in 3 months.
How much SOL has Upexi accumulated and what is its current value?
Upexi currently holds a total of 1,818,809 SOL, equivalent to approximately 331 million USD at the current Solana price. This figure was announced on July 21, showing the company's strong commitment to cryptocurrency assets, focusing on SOL.
Investment plays a role as a part of the company's strategic financial reserves, enhancing its reputation and reliability in the investment and securities community. Holding a large amount of SOL, Upexi has become one of the largest holders of SOL in the market.
How much staking income does Upexi earn from SOL? Why is this important?
According to reports, the company estimates to raise around 26 million USD each year from SOL staking based on the amount of tokens held. This is an important source of passive income, contributing to revenue diversification amid the volatile cryptocurrency market.
“Staking not only helps increase asset value but also provides stable cash flow, contributing to a solid financial foundation for businesses investing in cryptocurrency.”
Upexi's CEO, 2024
Staking SOL helps Upexi both enhance investment efficiency and strengthen its position in the highly reputable cryptocurrency segment like Solana.
How much has Upexi raised in the private offering and what are the unrealized gains?
Your company has just completed raising approximately 200 million USD through the issuance of stocks and convertible bonds. This important financial activity helps strengthen the capital for expansion projects and further investment in valuable assets like SOL.
The unrealized gains over the last three months are estimated at 58 million USD, affirming the effectiveness of Upexi's investment operations and short-term asset value growth.
“The successful fundraising combined with the right investment policy helps Upexi maintain growth momentum and sustainable shareholder value.”
Upexi's Vice President of Finance, mid-2024
What does Upexi's investment strategy in cryptocurrency assets mean in the market?
Upexi chose Solana as its primary reserve asset, demonstrating trust in the potential of this Layer 1 blockchain in the cryptocurrency ecosystem. Maintaining a large amount of SOL in its portfolio enhances the company's ability to identify investment opportunities and manage digital asset risks.
This strategy also opens up new development directions for the business from traditional sectors to blockchain technology, enhancing its position in the modern financial sector.
Frequently Asked Questions
How much SOL does Upexi currently hold?
Upexi is holding 1,818,809 SOL, valued at approximately 331 million USD at the current price.
How much income does Upexi earn from SOL staking?
Estimated annually at about 26 million USD, helping to create a stable income source for the company.
How has Upexi recently raised capital?
The company completed its private fundraising with a value of approximately 200 million USD through stocks and convertible bonds.
What are the unrealized gains in three months?
Upexi recorded unrealized gains of approximately 58 million USD in the recent quarter.
What does investing in SOL mean for Upexi?
This is a strategic asset that helps diversify revenue sources and strengthen the position of cryptocurrency in financial reserves.
Source: https://tintucbitcoin.com/sol-upexi-tang-1818-trieu-token/
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