Chiara Bianchi
Nasdaq-listed Upexi (UPXI) announced plans to introduce a new risk-adjusted yield framework for its Solana (SOL) treasury in 2026, signaling a deeper commitment to digital assets despite challenging market conditions.
The company said the upcoming strategy aims to boost returns on its SOL holdings without interfering with day-to-day operations, while maintaining a conservative risk posture.
Upexi revealed that its Solana balance climbed to 2,174,583 SOL as of January 5, marking a 3.2% increase from the 2,106,989 SOL reported at the end of October.
This expansion came during a period of heightened volatility across crypto markets, where falling token prices have compressed valuations for digital-asset treasury companies, including Upexi.
Despite the price pressure, the firm continues to position itself as one of the largest publicly traded holders of Solana, with the majority of its treasury actively staked to generate yield.
A Shift Toward Risk-Adjusted Yield Optimization
While Upexi did not provide technical details on how the new strategy will differ from its current staking-based approach, management emphasized that the objective is to materially increase total yield while preserving capital discipline.
โAs part of this transition, we are focused on enhancing returns without compromising our risk framework,โ CEO Allan Marshall said.
Previously, the company highlighted that staking rewards and discounted purchases of locked SOL helped support treasury performance, even as declining token prices reduced unrealized gains.
Share Buybacks Signal Confidence Amid Stock Decline
Alongside its crypto expansion, Upexi disclosed that it repurchased 416,226 shares at an average price of $1.92, reinforcing its capital return strategy.
In addition, CEO Allan Marshall personally acquired 200,000 shares in December, a move that coincided with the companyโs broader buyback program launched late last year.
The repurchases followed a sharp pullback in crypto-linked equities, which pushed Upexiโs market capitalization below the value of its digital asset holdings.
UPXI and Solana Price Performance Remain Under Pressure
Upexi shares were trading near $2.13, reflecting a roughly 52% decline over the past year and sitting far below their 52-week high above $22, reached shortly after the firm launched its Solana treasury initiative in April.
Meanwhile, Solana (SOL) was changing hands around $136, modestly rebounding from recent lows near $120. However, the token remains down approximately 54% year-over-year, after trading close to $300 at the same time last year.
Long-Term Focus Despite Short-Term Headwinds
Upexiโs strategy underscores a growing trend among public companies adopting crypto-native treasury models, even as market cycles test investor patience.
With plans to refine yield generation in 2026, the firm appears focused on long-term value creation, positioning its Solana exposure as a strategic asset rather than a short-term trade.
