Upexi Inc. (Upxi), a diversified brand owner, said his Solana de Solana (soil) assets have more than doubled in July, bringing the total to more than 2 million tokens.
The company based in Tampa, Florida, whose brands include Lucktail, Prax and Cure Mushrooms, said they financed the purchases of Levant more capital thanks to the sale of ordinary shares and convertible tickets.
“During the month, we raised $ 200 million and increased our Solana Holdings by more than 172% to 2 million soil,” CEO Allan Marshall said in a shared press release with Coindesk. “”And we continued to generate additional value for shareholders via an 8% return and additional purchases of locked Solana at reduced prices. “”
July, he said, was a month of “game revolution”, during which the company made several purchases, including 100,000 soil on July 21 and 83,000 soil on July 23.
In particular, an important part of the soil acquired was purchased as “locked soil” to a discount in mid-adolescence compared to the current market rate, generating integrated gains for shareholders.
Monday, Upexi held 2,000,518 soil, its actions negotiating at a basic market value (MNAV) of 0.9x and a MNAV entirely loaded with 1.6x. The shares increased by 56% last month and added 9.1% on Monday to $ 5.02.
The basic MNAV means that the market capitalization of the Upexi is slightly greater than the combined value of its traditional activities and its cryptographic treasure. The fully loaded version means that if all the potential changes in capital structure and cash deployments occur, the intrinsic value of the company – its equivalent to a value of net assets on an entirely adjusted basis – would be 1.6 times its market capitalization.
While the UPEXI continues to specialize in consumer products, space, its cryptocurrency treasury strategy is now a main objective.
Beyond updating the Treasury, the press release also examined broader developments within the Solana ecosystem, including high network performance, increases in proposed block limits and the launch of new protocols such as the Jito block assembly market.
The report has also noted significant progress in the Solana FNB landscape, with the FNB of Solana Staking in Rex-Osprey exceeding $ 100 million in management assets (AUM), and the American Securities and Exchange Commission requesting the modified requests of potential emitters Sol Etf.
The growing trend of tokenization, with the Backed Finance XSTOCKs launched on the Solana DEFI ecosystem, was also highlighted as a positive rear wind.
