Solana Treasury Upexi Announces $50M Buyback After 50% Monthly Drop
Upexi announced a $50 million share buyback on November 13, citing a steeper-than-expected decline — over 50% in the last month — and broad market volatility as reasons for the program. The buyback is presented as a tool to support the share price and return capital to investors; the company did not immediately disclose the funding source or exact repurchase schedule.
Investors and market watchers will be looking for execution details and whether the move calms sentiment across the Solana-linked ecosystem, including possible spillover to SOL markets. Against a backdrop of regulatory scrutiny in crypto, the buyback also serves as a signal of management confidence, but its ultimate impact will depend on timing, size relative to outstanding shares, and broader market conditions.