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

Upexi (UPXI), a Nasdaq-listed treasury firm focused on Solana, has announced a $50 million stock buyback program after its stock fell over 50% since early October and nearly 90% from its April peak. The board approved the program to allow the company to repurchase shares as market conditions permit, aiming to bolster its stock value amid declining investor interest in digital asset treasuries. Upexi's CEO emphasized that the buyback will be executed opportunistically while still allowing for growth investments and maintaining a robust treasury. Upexi currently holds approximately 2.1 million SOL, worth around $319 million, and the decision aligns with other digital asset treasury firms adopting similar strategies as their stock values decline amid market volatility.

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