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Crypto Treasuries Turn Defensive as Solana Upexi's Buyback Adds to Growing DAT Trend [Yahoo! Finance]

Upexi, Inc. (UPXI) 
Company Research Source: Yahoo! Finance
Recently, Nasdaq-listed Upexi has authorized a $50 million share repurchase program, showing a broader shift toward capital preservation even as firms continue to hold massive Solana reserves on their balance sheets. Upexi Greenlights Share Buyback Amid 47% Stock Drop Upexi, a Solana-focused digital asset treasury company and consumer brands operator, said its board approved the buyback to provide “flexibility to purchase shares in the open market” depending on market conditions. The company emphasized that the program reflects confidence in its long-term strategy while maintaining a strong treasury position. The CEO, Allan Marshall, also added that the repurchase is a tool to enhance shareholder value and will be executed only when returns are attractive. The company's treasury holds roughly 2 million SOL, valued at $283 million, representing about 0.35% of Solana's total supply. Source: Sol Treasury Despite a recent decline in Solana's price, from about $143 to $134, Show less Read more
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