PANews reported on November 4th that, according to The Block, Upexi, a Nasdaq-listed financial company based in Solana, reported that as of October 31st, its holdings of SOL tokens increased by 4.4% to 2,106,989, an increase of 88,750 from the previous month. Based on the SOL price of $188.56 at the end of the month, the company's treasury assets were valued at $397 million. The total purchase cost of these tokens was $325 million, or $157.66 per SOL, implying an unrealized gain of $72 million, including price increases, staking rewards, and discounts on locked SOL. However, market data shows that after the overall decline in the crypto market on Monday, the price of SOL subsequently fell by 15%, dropping to approximately $160.94, meaning that these funds are currently worth approximately $340 million, reducing the paper profit to approximately $15 million.

Upexi stated that almost all of its SOL holdings are pledged, with an expected yield between 7% and 8%, generating approximately $75,000 in daily revenue. The company also stated that about 42% of its SOL holdings are locked-up SOL, purchased at a discount of "more than ten times" to the spot price.