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0.00148093841642235 0.00498533724340186 0.00422287390029331 0.00256598240469209 0.0498533724340176 0.0351906158357772 0.0344574780058651 0.0281524926686217
Stock impact report

Solana's SOL Could Hit $500 in This Bull Run, Says Analyst, as Upexi Boosts Holdings to 1.8M SOL [Yahoo! Finance]

Upexi, Inc. (UPXI) 
Company Research Source: Yahoo! Finance
and bold analyst projections — renewed momentum in the sixth most valuable cryptocurrency by market capitalization. On Monday, consumer brand platform Upexi Inc. (UPXI) announced that it had acquired an additional 100,000 SOL, bringing its total holdings to 1,818,809 SOL worth approximately $331 million. The Nasdaq-listed company funded the purchase through a $200 million equity and convertible notes raise, marking its third successful capital round since launching its SOL treasury strategy in April. In a press release , Upexi said more than half of its tokens were purchased in locked form at a discount, resulting in a $58 million unrealized gain when accounting for both token appreciation and discounted acquisition cost. Nearly all of its SOL is now staked, with the company expecting to generate up to $26 million in annual yield based on the current 8% rate. Upexi CEO Allan Marshall framed the strategy as a first-of-its-kind model for altcoin treasury management in public marke Show less Read more
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