Progress Software Corp (PRGS): $50.82
Market Cap: $2.19B
Enterprise Value: $3.58B
Last week yielded an interesting crop of companies based on both insider buying and selling that included some of the usual suspects and some new ones that I had not come across before. Among the unusual companies I encountered when combing through this data was a “Solana Treasury Company” called Upexi (UPXI) where the CEO and a board member were buying stock on the open market.
Just like Microstrategy (MSTR) decided to become a bitcoin treasury company by not just holding bitcoin on its balance sheet but also raising additional cash through secondary offerings to buy even more bitcoin, Upexi is a company that holds Solana on its balance sheet.