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

Upexi (UPXI), a Nasdaq-listed digital asset treasury firm focused on Solana, has announced a $50 million stock buyback program following a substantial downturn in its stock price. The company's shares have fallen over 50% in the last month and nearly 90% since their peak in April. This decision is part of a trend among digital asset treasury firms opting for share repurchases as investor interest wanes and stock prices dip. CEO Allan Marshall highlighted that the buyback will be conducted opportunistically without compromising the company’s growth investments or strong treasury position. Upexi currently holds 2.1 million SOL, valued at approximately $319 million. The move reflects broader challenges in the crypto market, as Upexi's stock decline parallels drops in key cryptocurrencies such as SOL, which is down nearly 30% in the past month, amidst a general bearish trend in the market.

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