Upexi's holdings of SOL have increased to over 2.1 million, with a paper profit of approximately $15 million.

Upexi (ticker symbol: UPXI), the Nasdaq-listed Treasury of Solana, disclosed that as of October 31, its holdings of SOL increased by 4.4% from September 10, reaching 2,106,989 SOL, an increase of approximately 88,750 SOL. Based on the end-of-month price of $188.56, the total value of the holdings was approximately $397 million, representing an unrealized gain of approximately $72 million from the purchase cost of $325 million. However, affected by the general decline in the cryptocurrency market this Monday, the price of SOL fell by approximately 15% to $160.94, corresponding to a holding value of approximately $340 million, reducing the unrealized profit to approximately $15 million. Upexi CEO Allan Marshall stated that despite the depressed market sentiment, the company remains committed to creating long-term value for shareholders. Upexi's SOL is almost entirely staked, yielding an annualized return of approximately 7%–8%, generating about $75,000 in daily returns. About 42% of the holdings consist of locked SOL purchased at a double-digit discount to the spot price, generating "intrinsic returns" for shareholders. (The Block)