Upexi, a Nasdaq-listed firm, has stepped up its wager on Solana by forming a brand new advisory committee and naming Arthur Hayes as its first member.
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Experiences have disclosed the transfer got here with a transparent push to assist the agency’s massive Solana treasury, which has drawn consideration from traders and rival company treasuries alike.
Upexi Deepens Its Solana Wager
In keeping with Upexi’s personal filings and public statements, the corporate now holds over 2 million SOL in its treasury. That stake has been constructed rapidly by way of a number of purchases and capital raises, and publications place its worth within the a whole lot of tens of millions of {dollars} relying on the SOL worth used.
Upexi says it is usually utilizing staking to earn yield from the holdings, a transfer meant so as to add regular earnings because it holds the tokens.
upexi varieties advisory committee, welcoming arthur hayes (@CryptoHayes) as first member
arthur is cio of @maelstromfund and brings deep digital asset and institutional finance experience
committee will drive technique, increase visibility, and unlock capital for our $SOL treasury… pic.twitter.com/lBtzxziL3r
— Upexi (@UpexiTreasury) August 12, 2025
Upexi’s hiring of Arthur Hayes — a high-profile determine in crypto circles — is supposed to sharpen technique and assist unlock extra capital for the agency’s buy plans.
Experiences say the advisory committee will information visibility, partnerships and capital-raising for acquisitions tied to the treasury effort. The transfer has already helped raise investor curiosity within the firm’s inventory.
Different Public Corporations Be a part of The Push
Past Upexi, different public corporations have made clear Solana bets. Based mostly on studies, DeFi Growth Corp. has elevated its holdings to just about one million SOL items after a recent spherical of purchases and financing.
That placement places it among the many greatest company Solana holders and provides it significant publicity to the altcoin’s worth strikes.
In the meantime, crypto miner BIT Mining disclosed purchases round 27,190 SOL and has mentioned it is going to convert current crypto holdings to deal with SOL whereas additionally launching a validator to stake tokens.
These company strikes usually are not simply headlines. They symbolize predictable, on-balance-sheet demand that may tighten the obtainable provide held by retail merchants and exchanges.
On the identical time, concentrated positions increase questions on what would occur if any of those holders determined to alter technique or promote rapidly.
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Market Strikes And Technical Indicators
Market information exhibits SOL buying and selling again across the $200 mark after a robust every day achieve, and every day volumes have spiked as merchants pile in.
Worth websites report roughly a mid-$100-billion market capitalization for SOL and every day turnover within the low double-digit billions, figures that underline how huge the token’s market has change into.
Technical commentators have pointed to shifting common crossovers and different bullish setups as causes merchants are optimistic proper now.
Featured picture from SolanaFloor, chart from TradingView
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