Upexi, a Solana-focused digital asset treasury firm listed on Nasdaq, has approved a $50 million share buyback program as its stock price continues to decline.
The company said it will repurchase shares on the open market depending on liquidity and market conditions. CEO Allan Marshall noted the initiative will not affect Upexi’s growth plans or treasury strength.
The move follows steep share losses: over 50% since October and nearly 90% from April. Upexi currently holds 2.1 million SOL, valued at roughly $319 million.
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