Upexi Stock Tumbles After $1B Solana Treasury Expansion Filing

Upexi just dropped a billion-dollar bombshell—and its share price cratered.

The Move That Spooked Traders

Investors hit the sell button after the company filed to allocate a staggering $1 billion to its Solana treasury. That's not a typo. It's a massive, concentrated bet on one of crypto's most volatile high-performers, signaling a radical pivot away from traditional corporate finance playbooks.

Solana's Allure and the Corporate Treasury Trend

Why Solana? Speed and scale. The blockchain has become a magnet for institutional capital looking for yield and technological edge beyond Bitcoin and Ethereum. Upexi's filing is the latest—and one of the largest—moves in a growing trend of companies using crypto treasuries as a speculative growth engine. It's a high-stakes game of balancing sheet bingo, where the prizes are huge but the risks are equally monumental.

The Market's Verdict Was Instant

The reaction was swift and brutal. Shares slid double-digits, a classic case of Wall Street's old guard getting the jitters over a new-world asset play. It highlights the fine line companies walk: bold innovation looks genius in a bull market but reckless at the first sign of volatility. After all, nothing makes a traditional analyst clutch their pearls faster than a nine-figure bet on a 'meme coin highway'.

This isn't just a treasury adjustment—it's a declaration. Upexi is all-in on crypto's potential, betting that Solana's tech will outperform the skepticism currently weighing down its stock. Whether this becomes a legendary pivot or a cautionary tale depends entirely on the blockchain's next price swing.

Upexi Pivots to Solana Treasury Strategy With $262M in SOL Holdings

The company said proceeds would be used for general corporate purposes, with a primary focus on accumulating Solana and staking the tokens to generate additional yield.

Upexi currently holds 2.1 million SOL valued at about $262.3 million, making it the fourth-largest corporate Solana treasury, according to CoinGecko.

The company adopted its Solana-focused strategy in late April, pivoting away from its previous consumer products and e-commerce business.

However, Upexi has not added to its Solana holdings since July 23, reflecting a broader slowdown in corporate crypto treasury purchases in the second half of 2025.

The pullback comes as digital asset prices have declined and investor confidence in treasury-driven crypto strategies has weakened.

UPEXI $UPXI announces $23 million private placement priced at $3.04 per share with warrants, a 1.3x premium to NAV.

$10 million upfront plus up to $13 million upon warrant exercise at $4.00.

The Solana-focused treasury company will use proceeds for working capital and its SOL… pic.twitter.com/m47LuNgrUU

The value of Upexi’s Solana holdings has fallen sharply alongside the token’s price. At its peak in mid-September, the company’s SOL treasury was valued at roughly $525 million.

At current prices, that figure has dropped by more than half, leaving Upexi with an estimated paper loss of about 19%.

Solana was trading NEAR $123.75 at the time of writing, down 57.5% from its all-time high of $293.31 set in January 2025, CoinGecko data shows.

The filing underscores the risks facing companies that have tied their balance sheets closely to volatile digital assets, even as some continue to pursue aggressive accumulation strategies in anticipation of a market rebound.

Solana Shrugs Off One of the Largest DDoS Attacks on Record

As reported, Solana has successfully withstood a massive distributed denial-of-service (DDoS) attack that peaked at nearly 6 terabits per second, ranking among the largest ever recorded on the internet.

The attack, which lasted for more than a week, did not disrupt network activity, with Solana continuing to process transactions normally and maintaining sub-second confirmation times, according to data shared by SolanaFloor.

The incident places Solana alongside major centralized infrastructure providers such as Google Cloud, Cloudflare and AWS, which have previously faced record-scale DDoS assaults.

Despite the scale of the traffic, Solana’s validators and Core infrastructure absorbed the load without performance degradation, highlighting improvements in the network’s resilience compared to earlier periods marked by congestion and outages.