Solana treasury firm Upexi posts $109 million quarterly net loss amid crypto markdowns
The Block
Upexi reported a $109.3 million quarterly net loss, primarily due to unrealized markdowns on its digital asset holdings.Summary
Upexi, a Nasdaq-listed firm with a significant Solana treasury, reported a $109.3 million net loss for its fiscal third quarter. The loss was primarily driven by $92.3 million in non-cash, unrealized markdowns on its digital asset holdings. Despite this, the company saw revenue grow to $4.6 million, fueled by its staking strategy and the accumulation of additional SOL tokens.
(Source：The Block)