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Solana treasury firm Upexi posts $109M quarterly net loss

2026-05-13 23:53:53

Solana treasury firm Upexi posted a $109.3 million fiscal third-quarter net loss, largely driven by unrealized markdowns on digital assets. Revenue rose to $4.6 million, and the Nasdaq-listed company held 2.36 million SOL with a fair value of $184.9 million at the end of March. Upexi also completed a $36 million convertible note private placement in exchange for 265,500 locked SOL.

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