Upexi Reports Massive Loss Due to Solana Treasury Markdowns
Upexi Reports Massive Loss Due to Solana Treasury Markdowns
Upexi, a firm with Solana (SOL) in its treasury, reported a substantial net loss of $109.3 million for the fiscal third quarter ending March 31, 2026. This dramatic 2,776% increase from the previous year's loss is largely attributed to significant markdowns in its Solana treasury holdings, underscoring the impact of cryptocurrency market volatility on corporate financial statements.
Solana (SOL) treasury firm Upexi (UPXI) posted a $109.3 million net loss for the fiscal third quarter ended March 31, 2026. This marks a 2,776% jump from the $3.8 million loss a year earlier, largely driven by Solana (SOL) treasury markdowns. Solana Treasury Strategy Magnifies Upexi’s Quarterly Losses In the press release, the firm said