Upexi’s $50M Stock Buyback Signals Strong Confidence in Solana’s Future Amid Market Volatility
In a bold move demonstrating unwavering confidence in its long-term strategy, Upexi, Inc. has approved a $50 million stock buyback program despite a 6% drop in its shares to $3.18. This strategic decision highlights the company's commitment to leveraging treasury tools for stability, particularly through its solana exposure. As digital asset firms increasingly adopt such measures to navigate market fluctuations, Upexi's flexible repurchase plan—allowing open-market acquisitions—positions it as a forward-thinking player in the crypto space. This development underscores the growing trend of companies with Solana holdings using innovative financial strategies to bolster investor confidence and ensure sustainable growth.
Upexi, Inc. Approves $50M Stock Buyback Amid Market Decline, Bolsters Solana Treasury
Upexi's shares fell 6% to $3.18 during the session, yet the company unveiled a $50 million stock repurchase program—a strategic countermove signaling confidence in its long-term vision. The buyback aligns with a growing trend among digital asset firms leveraging treasury tools for stability, particularly those with Solana exposure.
The flexible repurchase plan allows open-market acquisitions, emphasizing disciplined capital deployment. While broader markets reacted to the dip, Upexi's maneuver reflects institutional adoption of crypto-native strategies to weather volatility. Solana-heavy treasuries continue gaining traction as a hedge against equity fluctuations.
OKX Integrates CeDeFi Access for Solana, Base, and X Layer Users
OKX has unveiled a unified CeDeFi trading feature, bridging centralized and decentralized finance within a single application. The upgrade enables seamless cross-chain trading across Solana, Base, and X LAYER networks, aggregating liquidity from over 100 pools.
Traders can now access millions of tokens without platform-switching, as OKX merges wallet management and order routing. The move reflects growing institutional demand for hybrid crypto infrastructure that combines CEX efficiency with DeFi's transparency.
VanEck Advances Toward U.S. Solana ETF Launch With Final Regulatory Filing
VanEck has filed its FORM 8-A with the SEC, a critical step toward launching its spot Solana ETF in the U.S. The submission suggests trading could commence within days, pending regulatory clearance. The fund will employ a staking strategy via SOL Strategies to generate yield for investors.
Institutional demand for Solana remains robust, with U.S.-listed spot ETFs extending their inflow streak to 13 days and accumulating $370 million in total inflows. VanEck's updated S-1 filing revealed a 0.30% management fee, positioning the fund as a competitive vehicle for Solana exposure.
VanEck’s Solana ETF Nears Launch as SEC Filing Clears Final Hurdle
VanEck has submitted the final Form 8-A to the U.S. SEC for its Solana ETF, marking the last step before the product begins trading. The filing follows an amended S-1 that disclosed a 0.30% management fee and outlined staking strategies for SOL.
Solana ETFs have attracted $370 million in net inflows since Bitwise’s BSOL ETF launched, with $1.49 million recorded in a single day last week. The approval signals growing institutional interest in Solana as a yield-generating asset.