Solana Treasury News: Upexi (UPXI) Approves $50M Share Buyback After 50% Stock Slide

Upexi, a digital asset treasury firm focused on Solana, announced a $50 million stock repurchase program after its shares plunged 50% in a month and nearly 90% from earlier highs. The repurchase offers flexibility for the company to buy shares based on market conditions while ensuring it can still invest in growth and maintain a strong treasury. This decision aligns with a broader trend among digital asset treasury firms as they respond to declining stock prices and waning investor interest. As of the recent announcement, Upexi holds 2.1 million SOL, valued at approximately $319 million. The company's stock is trading lower in line with a general decline in cryptocurrency prices, with SOL currently around $152, representing a substantial drop over the past month.

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