{"id":28395,"date":"2026-05-13T07:14:22","date_gmt":"2026-05-13T07:14:22","guid":{"rendered":"https:\/\/bitunikey.com\/news\/upexi-falls-as-solana-treasury-losses-weigh-on-q3-results\/"},"modified":"2026-05-13T07:14:47","modified_gmt":"2026-05-13T07:14:47","slug":"upexi-falls-as-solana-treasury-losses-weigh-on-q3-results","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/upexi-falls-as-solana-treasury-losses-weigh-on-q3-results\/","title":{"rendered":"Upexi falls as Solana treasury losses weigh on Q3 results"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p><strong>Upexi shares fell 8.16% on Tuesday after the Solana treasury company reported a wider fiscal third-quarter loss.\u00a0<\/strong><\/p>\n<div id=\"cn-block-summary-block_4efb52488847c7749388b6541707c1ed\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Upexi\u2019s Q3 net loss widened to $109.3 million after a $92.3 million SOL paper loss.<\/li>\n<li>The company still raised Solana holdings by 189,000 tokens, bringing its treasury to 2.5 million SOL.<\/li>\n<li>Upexi remains behind Forward Industries, which holds over 7 million SOL, according to CoinGecko.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The company <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/ir.upexi.com\/news-events\/press-releases\/detail\/159\/upexi-reports-fiscal-third-quarter-2026-financial-results\" target=\"_blank\" rel=\"nofollow\">posted<\/a> a net loss of $109.3 million, compared with a $3.8 million loss in the same quarter last year.<\/p>\n<p>The loss came mainly from $92.3 million in unrealized losses on digital assets. Upexi said the figure reflected non-cash quarter-end fair value changes tied to its Solana holdings. Revenue still rose to about $4.6 million from $3.2 million a year earlier.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Solana holdings keep rising<\/strong><\/h2>\n<p>Upexi said its Solana tokens increased by about 189,000 during the quarter, or 9%. Digital asset revenue reached $3.5 million for the period, helped by staking activity.<\/p>\n<p>As of March 31, Upexi held 2.5 million Solana tokens and $3.5 million in cash, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.investing.com\/news\/transcripts\/earnings-call-transcript-upexis-q3-2026-revenue-grows-but-stock-declines-93CH-4682903?utm_source=chatgpt.com\" target=\"_blank\" rel=\"nofollow\">according<\/a> to its earnings call transcript. About 1.4 million tokens were liquid, while around 1 million were locked.<\/p>\n<p>Moreover, CEO Allan Marshall said the quarter was shaped by a hard market for crypto treasury firms. He said Upexi faced pressure from Solana\u2019s price decline and lower industry valuation multiples.<\/p>\n<p>Marshall said the company was \u201cnot simply waiting around\u201d for market conditions to improve. Upexi also repurchased about 2.9 million shares, reduced short-term debt by $7.6 million and completed a $36 million convertible note tied to locked Solana tokens.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Forward Industries remains larger<\/strong><\/h2>\n<p>Upexi is now one of the largest listed Solana treasury companies, but it remains behind Forward Industries. CoinGecko data <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/treasuries\/companies\/forward-industries\" target=\"_blank\" rel=\"nofollow\">shows<\/a> Forward Industries holds 7,013,536 SOL, making it the largest public corporate Solana holder.<\/p>\n<p>Related reports show Forward Industries has stayed active in the Solana ecosystem. The company and RockawayX recently backed a $5 million funding round for OnRe, a startup building reinsurance infrastructure on Solana.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Upexi shares fell 8.16% on Tuesday after the Solana treasury company reported a wider fiscal third-quarter loss.\u00a0 Summary Upexi\u2019s Q3 net loss widened to $109.3 million after a $92.3 million&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-28395","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28395","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=28395"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28395\/revisions"}],"predecessor-version":[{"id":28396,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/28395\/revisions\/28396"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5732"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=28395"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=28395"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=28395"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}