Upexi targets higher-yield Solana treasury strategy for 2026 as holdings near 2.2 million SOL

Nasdaq-listed Upexi (UPXI) said it plans to roll out a new risk-adjusted yield strategy for its Solana treasury in 2026, as the firm continues to expand its crypto holdings and repurchase shares amid depressed crypto market conditions.

In a statement released Wednesday, Upexi said the strategy is intended to increase yield on its Solana treasury without disrupting existing operations, though the company did not disclose how the approach would differ from its current staking-based model.

Upexi disclosed that its Solana holdings reached 2,174,583 SOL as of Jan. 5, up 3.2% from 2,106,989 SOL at the end of October. The increase follows a period of sharp price swings across crypto markets that have compressed valuations for many digital-asset treasury firms, including Upexi.

The company also said it repurchased 416,226 shares at an average price of $1.92, while CEO Allan Marshall purchased 200,000 shares in December. Upexi launched its buyback program late last year as its shares fell alongside the broader pullback in crypto-linked equities.

Upexi has positioned itself as one of the largest public holders of Solana, with most of its treasury staked to generate yield. In November, the company said staking rewards and discounted locked SOL purchases contributed to treasury performance, even as declining token prices cut into unrealized gains and pushed its market capitalization below the value of its crypto holdings.

"As part of this transition, we are focused on materially increasing total yield while maintaining a prudent risk profile," Marshall said.

Price performance

Upexi shares were trading around $2.13 on Tuesday, down roughly 52% over the past year and well below their 52-week high of over $22 following the start of its treasury initiative in April.

Solana was trading near $136, up modestly from recent lows around $120 but down roughly 54% from this time last year, when the token was changing hands just below $300, according to The Block price data.