Upexi Approves $50M Share Buyback After 50% Stock Slide

Upexi (UPXI), a Nasdaq-listed firm focused on the Solana blockchain, has approved a $50 million stock buyback program following a significant decline in its stock price, which has dropped 50% since early October and nearly 90% since April. The company aims to repurchase shares opportunistically while maintaining its growth investments and strong treasury. CEO Allan Marshall highlighted the program’s flexibility in response to market conditions. This buyback trend is becoming common among digital asset treasury firms facing reduced investor sentiment, as many now trade below the value of their crypto holdings. Currently, Upexi holds 2.1 million SOL, valued at around $319 million.

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