Upexi Reports $109M Q3 Loss With $92.3M Hit From Digital Assets

The Solana treasury firm Upexi posted a widened third-quarter net loss of $109 million, driven primarily by declines in the valuation of its crypto holdings. The company said $92.3 million of the loss came from unrealized declines in its crypto portfolio.

Even so, revenue continued to grow during the period, rising 46% year-over-year to $4.6 million, driven largely by increased income from crypto staking.

As of March 31, Upexi held 2.5 million Solana tokens worth more than $238 million, ranking it as the second-largest corporate holder of Solana.

Source: Upexi Inc