Solana Treasury Upexi decreases by 62 % after sales from the inside

In April, Tampa, Florida-Base, said it raised $ 100 million as part of the axis that will witness that the company begins to collect Cryptocurrency Solana. At that time, the company announced that it had concluded agreements with investors to buy about 43.9 million joint shares, or previously funded orders. On Monday, investors presented the investors to the US Securities and Exchange Committee to be qualified to sell shares.

“They are somewhat standard things. Thus when registration was applied last night, that means that they were registered for sale,” Alan Marshall, UPEXI CEO, said in an interview. “This does not mean that investors sell or want to sell, but this means that they can.”

Crypto Treasury, Sharplink Gaming Inc. Her shares fell more than 70 % on June 13 after a similar file. Dive analysts have attributed to retail investors who are retreating in anticipation of institutional investors who cast stocks to transfer rapid profit as soon as they are eligible to sell shared shares.

Upexi decreased by 60 % to $ 3.97 in trading on Nasdak stock market. Stocks have increased by 73 % since the axis was announced in the strategy in April.

Upexi has adopted the Solana Treasury play, similar to what Michael Sailor strategy with Bitcoin, by keeping the digital code in reserve and customizing the capital to buy more distinctive symbol.

“We fully believe in the strategy and long -term, one day, we believe that we will be able to implement and the strategy will be very successful for us in the future.”

Participants in the so -called pipe investing at Upexi GSR, Delphi Ventures and Morgan Creek Caipital Management, according to Pitchbook data.

The private investment in public stocks, or PIPE is a means of a company that has been publicly traded to collect capital by selling shares to private investors. The new treasury companies used by the tactic increased over the past year, including the transactions of the Twenty One Capital, Sharplink and Defi Development Corp.

Upexi, which received the market value of $ 3 million before announcing its investments in April, witnessed the value of the company’s increase to about 600 million dollars. It fell to about $ 148 million on Tuesday.

Update, June 24, 2025It adds in the closing of the arrow for Upexi.