Upexi Approves $50M Share Buyback Amid Solana-Focused Treasury Strategy
Upexi (UPXI), a Nasdaq-listed digital asset treasury firm concentrated on Solana, announced on Thursday that its board approved the repurchase of up to $50 million of its own shares. The program gives the company flexibility to buy stock in the open market or through other means, a step companies often take to reduce float and signal confidence in their balance sheet.
The decision comes as some crypto-focused treasuries increasingly favor buybacks and other return-of-capital measures over large token holdings alone. Solana was trading near $152.37 at the time of the announcement, underscoring Upexi’s continued alignment with SOL exposure. For investors, the buyback could provide support for UPXI shares and suggests more traditional capital-management tools are gaining traction within the digital asset sector.