Upexi, a Nasdaq-listed firm (UPXI), today announced plans to roll out a risk-adjusted strategy for its SOL treasury in 2026 as token prices fall and valuation premiums compress. The firm continues to increase its SOL holdings and exercise share buybacks amid the dip in SOL’s price.
The Solana-focused digital asset treasury firm announced today its plan to materially enhance its Solana treasury returns in 2026, expecting the implementation won’t disrupt its Solana treasury operations. According to Upexi, the new strategy will improve yields in a disciplined manner, increase operational flexibility, and strengthen the connection between treasury activities and corporate objectives.
Upexi discloses a 200,000 share purchase by CEO Marshall
Upexi shared a press release today announcing a plan to increase its treasury yields through a strategic risk-adjusted strategy. However, the firm did not disclose exactly how the planned approach will differ from the current strategies, which include staking model. The company also runs a parallel consumer products brand, diversifying its revenue streams. The dual approach positions the firm at a competitive advantage over other Solana-focused treasuries across the crypto ecosystem.
The Solana-focused treasury firm has so far accumulated 2,174,583 SOL tokens, representing a 3.2% increase from 2,106,989 SOL as of October 31. Upexi now leads as the top Solana-focused treasury ahead of DeFi Development Corp. and Sol Strategies Inc., with accumulated holdings of 2,027,817 SOL and 435,159 SOL, respectively. Upexi’s accumulated SOL tokens are now worth approximately $294.9 million, down from almost $406 million in October.
SOL price has declined rapidly since the October crush; currently, the market has lost almost 50% of its value. SOL was down 2% on the daily chart at the time of publication, trading at $135.5. The Solana network token has lost approximately 33% of its value over the past 12 months, with the decline recorded between the end of October and the beginning of January 2026. The decline has compressed valuations for many digital asset treasury firms this year.
As part of the release, the firm disclosed that it repurchased 416,226 shares at an average price of $1.92, alongside Upexi CEO Allan Marshall’s purchase of 200,000 shares in December. The firm initiated the share buyback program in late 2025, as the drop in SOL price had compressed its share price.
Upexi struggles to lift its share price amid compressing valuation premiums
Alan Marshall stated that, as part of the transition, the firm is focused on increasing its total yield while maintaining a prudent risk profile. Marshall hinted that additional details will be disclosed in the coming weeks. He acknowledged that the firm has experienced a challenging environment but has remained active in deploying capital to create long-term shareholder value, noting the recent purchases of Solana and Upexi common stock.
The Solana-focused treasury firm raised capital in November through private placement offerings, which generated $10 million in gross proceeds by issuing 3,289,474 shares of common stock and warrants. If exercised, the warrants could yield an additional $13 million. So far, the firm’s debt-to-capital ratio stands at 0.58, while its current ratio is 3.41, suggesting strong short-term liquidity despite the debt burden.
Upexi’s stock price was down 5.7% today, then up 1.4% after hours following the announcement. The stock was trading at $2.15 at the time of publication, with a YTD of 22.86%, reflecting strong investor confidence early in 2026 despite a short-term pullback. The stock has, however, lost almost 99.9% of its value from its all-time high of $157.53 in Jun 2021 to the current low of $2.15.
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