Upexi Shares Climb on Solana Gains
By Dean SealShares of Upexi rose after the company said the amount of Solana that it owns per outstanding share has more than doubled since it started its crypto-treasury strategy.The stock was up 14% at $6.49 in the morning session Friday. Shares have now gained 85% since the start of the year.The company, a brand owner which now largely functions as a cryptocurrency owner, said the value of the Solana that it holds in its treasury now stands at $447 million, which includes an unrealized gain of $142 million."We have generated a $142 million or 46% unrealized gain in our treasury to benefit shareholders," Chief Strategy Officer Brian Rudick said. "And we have generated a $142 million or 46% unrealized gain in our treasury to benefit shareholders."Write to Dean Seal at [email protected]