This Nasdaq company earned a net profit of $66.7 million in one quarter by staking Solana.

On November 12th, Upexi, a company listed on NASDAQ, delivered an impressive report.

Let's talk numbers—this quarter their total revenue was 9.2 million dollars, compared to only 4.4 million during the same period last year, which is more than a doubling. The most impressive part is that the gross profit soared to 8.3 million dollars, a year-on-year increase of 183%. Where does this growth come from? Mainly from the revenue generated by staking digital assets, which contributed 6.1 million dollars alone.

Even more exciting news: net profit skyrocketed to 66.7 million USD ( with earnings of 1.21 USD per share ). It's worth noting that at the end of September last year, they were still in the red with a loss of 1.6 million, or a loss of 1.55 USD per share. This turnaround is mainly due to the significant increase in Solana asset reserves—on paper, the unrealized gains alone amount to 78 million USD.

They have not been idle in the area of capital operations: this quarter they completed a private placement of $200 million in common stock and convertible bonds, and signed a $500 million equity financing agreement with A.G.P, all to continue accumulating Solana.

After increasing their position last week, Upexi now holds over 2.1 million SOL. This move can be considered a new height in the path of “company buying coins.”