Solana Treasury Company Upexi Reports $109M Net Loss in Q3, Posts 250M SOL Holdings

According to Cointelegraph, Solana treasury company Upexi reported a net loss of $109 million in Q3, driven primarily by $92.3 million in unrealized losses on digital assets. Total revenue grew 46% year-over-year to $4.6 million, mainly from staking income. As of March 31, Upexi held 2.5 million Solana tokens valued at over $238 million, making it the second-largest corporate SOL holder after Forward Industries. Following the earnings release, Upexi’s stock price declined 8.16%.

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