Upexi (UPXI) just dropped a $109M Q3 loss but here's what the headlines miss:


➡️ $92.3M is unrealized $SOL markdown (paper loss)
➡️ SOL stack grew 9% to 2.5M tokens (~$238M)
➡️ Revenue up 46% YoY to $4.6M
➡️ Staking earned 35,000 SOL last quarter
➡️ Now #2 corporate SOL holder behind Forward Industries
The real catalyst:
Management expects staking revenue to cover ALL operating costs by July 1, 2026.
That's the survival deadline.
SOL2.33%
UP36.83%
4-2.45%
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