Upexi reports $179 million quarterly loss as Solana treasury faces $164.5 million unrealized hit

In its fiscal quarter ended Dec. 31, Nasdaq-listed Upexi doubled revenue to $8.1 million but recorded a net loss of nearly $179 million as fair value adjustments on its Solana holdings weighed on results. Digital asset operations, mainly SOL staking income, produced $5.1 million and now exceed the company's consumer brands revenue, while Upexi held over 2.17 million SOL with about 95% staked at quarter end.