Upexi, a Nasdaq-listed firm, has stepped up its wager on Solana by forming a brand new advisory committee and naming Arthur Hayes as its first member.
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Reports have disclosed the transfer got here with a transparent push to assist the agency’s massive Solana treasury, which has drawn consideration from buyers and rival company treasuries alike.
Upexi Deepens Its Solana Bet
According to 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 a number of purchases and capital raises, and publications place its worth within the a whole bunch of thousands and thousands of {dollars} relying on the SOL worth used.
Upexi says it’s also utilizing staking to earn yield from the holdings, a transfer meant so as to add regular earnings 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, broaden 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.
Reports 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.
Other Public Firms Join The Push
Beyond Upexi, different public corporations have made clear Solana bets. Based on studies, DeFi Development Corp. has elevated its holdings to just about one million SOL items after a contemporary spherical of purchases and financing.
That placement places it among the many largest company Solana holders and offers it significant publicity to the altcoin’s worth strikes.
Meanwhile, crypto miner BIT Mining disclosed purchases round 27,190 SOL and has stated 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 symbolize predictable, on-balance-sheet demand that may tighten the out there provide held by retail merchants and exchanges.
At the identical time, concentrated positions increase questions on what would occur if any of those holders determined to vary technique or promote rapidly.
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Market Moves And Technical Signs
Market information exhibits SOL buying and selling again across the $200 mark after a powerful each day acquire, and each day volumes have spiked as merchants pile in.
Price websites report roughly a mid-$100-billion market capitalization for SOL and each day turnover within the low double-digit billions, figures that underline how huge the token’s market has turn out to be.
Technical commentators have pointed to transferring common crossovers and different bullish setups as causes merchants are optimistic proper now.
Featured picture from SolanaFlooring, chart from TradingView
