Solana-Focused Upexi Approves $50M Share Buyback After 50% Stock Slide

Upexi (UPXI), a digital asset treasury firm centered on Solana, has authorized a $50 million stock buyback program in response to a significant decline in its stock price, which has dropped 50% over the past month and nearly 90% since its peak in April. The company plans to execute the buyback flexibly in alignment with market conditions while ensuring sufficient resources for growth and treasury management. CEO Allan Marshall indicated that this approach aligns with a broader trend among digital asset treasury companies, which are increasingly turning to repurchases as their share prices fall. Currently, Upexi holds 2.1 million SOL valued at approximately $319 million, indicating a substantial discrepancy between its market capitalization and the value of its crypto assets amidst changing investor sentiment in the market.

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