Upexi, a Nasdaq-listed firm, has stepped up its guess on Solana by forming a brand new advisory committee and naming Arthur Hayes as its first member.
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Studies have disclosed the transfer got here with a transparent push to assist the agency’s massive Solana treasury, which has drawn consideration from traders and rival company treasuries alike.
Upexi Deepens Its Solana Wager
In line with Upexi’s personal filings and public statements, the corporate now holds over 2 million SOL in its treasury. That stake has been constructed rapidly by means of a number of purchases and capital raises, and publications place its worth within the tons of of hundreds of thousands of {dollars} relying on the SOL worth used.
Upexi says additionally it is utilizing staking to earn yield from the holdings, a transfer meant so as to add regular revenue because it holds the tokens.
upexi types advisory committee, welcoming arthur hayes (@CryptoHayes) as first member
arthur is cio of @maelstromfund and brings deep digital asset and institutional finance experience
committee will drive technique, increase visibility, and unlock capital for our $SOL treasury… pic.twitter.com/lBtzxziL3r
— Upexi (@UpexiTreasury) August 12, 2025
Upexi’s hiring of Arthur Hayes — a high-profile determine in crypto circles — is supposed to sharpen technique and assist unlock extra capital for the agency’s buy plans.
Studies say the advisory committee will information visibility, partnerships and capital-raising for acquisitions tied to the treasury effort. The transfer has already helped carry investor curiosity within the firm’s inventory.
Different Public Companies Be part of The Push
Past Upexi, different public firms have made clear Solana bets. Primarily based on experiences, DeFi Growth Corp. has elevated its holdings to just about 1,000,000 SOL models after a recent spherical of purchases and financing.
That placement places it among the many largest company Solana holders and provides it significant publicity to the altcoin’s worth strikes.
In the meantime, crypto miner BIT Mining disclosed purchases round 27,190 SOL and has mentioned it can convert present crypto holdings to give attention to SOL whereas additionally launching a validator to stake tokens.
These company strikes are usually not simply headlines. They signify predictable, on-balance-sheet demand that may tighten the accessible provide held by retail merchants and exchanges.
On the similar time, concentrated positions elevate questions on what would occur if any of those holders determined to alter technique or promote rapidly.
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Market Strikes And Technical Indicators
Market knowledge reveals SOL buying and selling again across the $200 mark after a powerful every day achieve, and every day volumes have spiked as merchants pile in.
Worth websites report roughly a mid-$100-billion market capitalization for SOL and every day turnover within the low double-digit billions, figures that underline how huge the token’s market has change into.
Technical commentators have pointed to shifting common crossovers and different bullish setups as causes merchants are optimistic proper now.
Featured picture from SolanaFloor, chart from TradingView