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Coinpaper 2025-11-13 22:35:33

Solana Treasury Upexi Announces $50 Million Buyback as Stock Drops Over 50% in a Month

Upexi approved a major share repurchase plan as the company continues navigating a difficult month in the equity market. The Solana-focused digital asset treasury operator reported a steep decline in its share price over the past four weeks. The new authorization allows the company to deploy up to $50 million toward buying back common stock. The announcement arrives as the stock trades near its lowest point this quarter. The strategy signals management’s effort to increase flexibility, stabilize sentiment, and reinforce confidence in the company’s long-term roadmap. Moreover, it reflects a broader shift among digital-asset-aligned firms that now rely more on capital management tools to protect shareholder value. Company Plans Opportunistic Purchases According to the press release , the company explained that it intends to repurchase shares in the open market. Management aims to act when market conditions support attractive returns. Besides that, the plan gives Upexi additional control over timing and scale. The company intends to prioritize liquidity, price conditions, and its broader treasury plans. Chief Executive Officer Allan Marshall said the decision reflects internal conviction. He stated, “This share repurchase program underscores our confidence in Upexi’s strategy, balance sheet, and long-term growth trajectory.” He added that the program will support shareholder value without affecting expansion initiatives or the company’s digital asset treasury operations. Additionally, the company stressed that the authorization does not require it to buy a fixed number of shares. Management may slow or halt purchases as conditions evolve. Stock Extends Month-Long Downtrend Source: Google Finance Upexi’s stock closed at $3.22 as of press time, marking a 4.73% decline for the session. After-hours trading pushed the price to $3.18, showing continued pressure. Intraday trading remained weak, with the price slipping from early highs near $3.50 and holding within the $3.10–$3.20 range by the close. The broader trend shows heavier strain. Upexi has fallen more than 50% over the past month. The stock traded above $6.40 in mid-October before a series of lower highs and accelerated selling pushed it toward current levels. Consequently, the price now sits near its lowest point in several weeks.

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