Upexi, a Nasdaq-listed finance company for Solana, reported a "record" quarter in which digital asset revenues exceeded $6 million and gross profit was $8.30 million, up 183 per cent year-on-year, according to The Block. Its total revenue for the fiscal first quarter was $9.20 million, compared with $4.40 million in the same period last year, of which digital asset revenue (mainly pledged revenue) 6.10 million. Net profit for the quarter ended September 30, 2024 was $66.70 million, or $1.21 per share, compared to a net loss of $1.60 million, or $1.55 per share, in the same period last year, primarily due to unrealized gains of approximately $78 million from Solana reserves.
In addition, after Upexi purchased the update last week, Solana's total holdings exceeded 2.10 million, making it the second largest Solana reserve holder after DeFi Development Corp.
Solana Finance Upexi: Growth mainly due to unrealized gains of about $78 million from Solana reserves
2025-11-12 01:55:44
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