Upexi, Inc. · NASDAQ:UPXI
Upexi — Investor Presentation (May 2025)
19 slides from Upexi's investor presentation, May 28, 2025
Slide 1: Upexi: The Solana Treasury Company
US upexi The Solana Treasury Company Spring 2025 Investor Presentation NASDAQ: UPXI
Slide 2: Forward Looking Information
Forward Looking Information This presentation contains “Yowarctlooking statements’, including statements regarding Upexi, Inc. and its subsidiories, within the meoning of the “safe harbor" [provisions of the Private Securities Litigation Reform Act of 1995. All of the statements in this presentation
Slide 3: Upexi Overview
Upexi Overview Brand owner specializing in the development, manufacturing, and distribution of consumer products Fab Shes pends threctypre * Leverages proprietary data, technology platform, and Reveals intention to pursue crypto & fintech opportunities logistics expertise to accelerate growth, reduc
Slide 4: Management Team
Management Team Allan Marshall Chiet Executive Officer 30+ years of M&A focused experience Founder of XPO Logistics (NYSE: XPO; $14b market cap), Transportation Services, Inc., and Segmentz, Inc. Andrew Norstrud Chief Financial Officer Experienced executive focused on integrating strategic acquisiti
Slide 5: The Solana Treasury Strategy
The Solana Treasury Strategy
Slide 6: Digital Asset Treasury Company Primer
Digital Asset Treasury Company Primer ‘© Companies are increasingly adding digital assets to © May actas a proxy to the assetsheld in the form of a their treasuries to maintain purchasing power and familiar equity security, increasing confidence, access benefit from potential appreciation © Often tr
Slide 7: MicroStrategy Shows the Model's Wild Success
MicroStrategy Shows the Model's Wild Success 600 400 a 200 — ol ) 2021 2022 2023 2024 YTD25 2021 2022 2023 (2024 2025 80% 60% 40% 20% 0% *% ‘4000 =MSTR = SPY ~NVDA ~BTC a 3,000 2,000 lia 4,000 0% 0 MSTR MARA CEP RIOT GLXY CLSK TSLA HUT 2021 2022S 20232024 = 2025 UD Upexi —rasorc: ven) sources cooge
Slide 8: Solana Overview
Solana Overview Launched in 2020, Solana is a leading smart contract blockchain built for performance and mass adoption Stated goal to be an onchain Nasdaq, and to Solana is the leading blockchain by many of the top metrics synchronize information at the speed of light Features ultra-cheap transacti
Slide 9: Our Thesis: Upexi's Solana Treasury Strategy
Our Thesis: Upexi’s Solana Treasury Strategy Provides crypto exposure ina familiar equity security Unlocks significant value using proven capital markets strategies Improves on MicroStrategy’s playbook with key innovations Capitalizes on crypto’s secular expansion & Solana as end-game winner Support
Slide 10: Treasury Company Dual Components
Treasury Company Dual Components Upexi will maximize visibility and demand forthe stock Upexi will accretively issue capital to maximize value Overall Efforts Overall Efforts © Extensive public relations campaign - started © Will look toissue equity in an accretive fashion, with all © Regular invest
Slide 11: Upexi's Strategy
Upexi’s Strategy OO EE 10 8a © Upexi raised a $100 million private placement to bootstrapits Solana treasury strategy and quickly/ efficiently deployed it into Solana Upexiis targeting additiond large-scale, accretive capitd raises to acquire and HODL as much Solana as possible Treasury Purchases Ga
Slide 12: Compounding Value Accrual Mechanisms
Compounding Value Accrual Mechanisms Unlike SOL or alternative instruments like ETFs, Upexi can add value in several additional ways (that all compound) ¢ Upexican buy locked Solana at adiscount © Aligns to HODL strategy © Discount moves to par overtime (monthly unlocks through Jan ‘28) © Discount e
Slide 13: The Upexi Capital Markets Flywheel
The Upexi Capital Markets Flywheel A Multiple * Upexiearns the difference between its cost of capital and the return on SOL, ie. spread income. The market then present values future spread and adds to the NAV, resulting ina premium when the market expects strong foward SOL returns + Investors also p
Slide 14: Valuation Enables Cap Markets Flywheel
Valuation Enables Cap Markets Flywheel Smaller companies have an embedded growth premium, as shareholders enjoy greater accretion compared to those of larger companies, all else equal © Altcoin treasury companies trade at greater premiums compared to Bitcoin treasury companies Current Premiums (mark
Slide 15: Upexi's Solana Treasury
Upexi’s Solana Treasury 597,002 SOL, valued at $102 million $18m unrealized gain 55% locked, 45% spot Diversify SOL across qualified custodians, validators Prudent treasury management with no LSTs, restaking, Defi, excess leverage Expect to continue to acquire and HODL SOL Upexi delegates its SOL to
Slide 16: Why Crypto
Why Crypto Blockchain and crypto will ubiquitous as it enables use cases and benefits not attainable with any other technology. These include Removal of Intermedia © Enables trust between unknown parties without a profit-maximizing leader to reduce costs Dem tion of Value Excha: © Utilize intemet an
Slide 17: Why Solana
Why Solana The End Game-Winning Blockchain Bitcoinis the best monetary asset. Solana is the best high performance blockchain. It’s that simple Os 2x 8 Best Best Money Performance 5Q@LO0K0 © Solana has very high upside, both givena Market Cap market cap only 4% that of Bitcoin’s and as the TAM repres
Slide 18: Why Upexi
Why Upexi Top Management Upexi's CEO founded $14b XPO Logistics Execs have top equities & crypto expertise Cap Markets Expertise Upexi has proven capital markets capabilities ‘across equity and debt Breakeven OpCo Upexi operations are ~breakeven, enabling raises & staking income to buy SOL Backed by
Slide 19: Thank You
Thank You 1R Contact: Valter Pinto or Jack Perkins iupexicom Upexi@kKCSAcom x.com/UpexiTreasury