---
schema_version: "secwatch.filing_event.v1"
accession: "0001477932-25-005178"
form_type: "8-K"
ticker: "UPXI"
cik: "0001775194"
company_name: "UPEXI, INC."
filed_at: "2025-07-21T23:59:59+00:00"
generated_at: "2026-05-18T05:14:08.700044+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Upexi acquires 100,000 SOL, treasury hits 1.8M SOL worth $331M; $58M unrealized gain

## Summary
- Acquired 100,000 SOL for $17.7M ($176.77/SOL); total holdings now 1,818,809 SOL.
- Total SOL acquired for $273M, valued at $331M; unrealized gain ~$58M inclusive of appreciation and locked-discount.
- Stakes substantially all SOL at ~8% yield; anticipates up to ~$26M annual staking revenue.
- Introduced Basic mNAV (market cap/NAV) of 1.2x; Fully-Loaded mNAV of 2.1x after conversion assumptions.

## SEC filing metadata
- accession: 0001477932-25-005178
- form_type: 8-K
- ticker: UPXI
- cik: 0001775194
- company_name: UPEXI, INC.
- filed_at: 2025-07-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1775194/000147793225005178/0001477932-25-005178-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1775194/000147793225005178/upxi_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001477932-25-005178
- JSON: https://secwatch.observer/filing/0001477932-25-005178.json
- Plain text: https://secwatch.observer/filing/0001477932-25-005178.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.