UPEXI Inc. (UPXI), owner of a diversified brand, said that its Sun (Sun) of Solana doubled in July, taking the total to more than 2 million tokens.
The company based in Tampa, Florida, whose brands include Luckkytail, Prax and Cure Mushrooms, said it financed purchases raising more capital through the sale of common shares and convertible notes.
“During the month, we raised $ 200 million and we grew up our Solana holdings by more than 172% to 2 million sun,” said CEO Allan Marshall in a statement shared with COINDESK. “And we continue to generate additional value for shareholders through a rethinking of 8% and additional purchases of blocked solena with discount. ”
Julio, he said, was a month of “change of play”, during which the company made multiple purchases, including 100,000 Sol on July 21 and 83,000 Sol on July 23.
In particular, a significant part of the acquired sun was bought as a “blocked sun” with a discount of mid -adolescence at the market rate, generating built -in profits for shareholders.
Until Monday, UPEXI had 2,000,518 Sol, with its shares that are quoted in a basic market value of the market (MNAV) of 0.9xy a completely loaded Mnav of 1.6x. The shares increased 56% last month and added 9.1% on Monday to $ 5.02.
The basic MNAV means that UPEXI market capitalization is slightly higher than the combined value of its traditional business and cryptographic treasure. The fully charged version means that if all potential changes of capital structure and cash implementations occur, the company’s intrinsic value, its equivalent to a totally adjusted net asset value, would be 1.6 times its market capitalization.
While UPEXI continues to specialize in consumer products, space, its cryptocurrency treasury strategy is now a central approach.
Beyond the treasure update, the press release also analyzed broader developments within the Solana ecosystem, including the performance of the solid network, the proposed block limit increases and the launch of new protocols such as the Jito block assembly market.
The report also indicated a significant progress in the ETF panorama of Solana, with the ETF of Rex-OSPREY SOLANA that exceeded the assets of $ 100 million in management (AUM), and the United States Stock Exchange and Securities Commission requested modified applications of the possible emitters of ETF Sol Sol.
The growing tendency of tokenization, with the launch of Finance Xstocks backed in the Solana Defi ecosystem, also stood out as a positive tail wind.
