The SOL reserve strategy company Upexi announced a "record" quarterly performance, with staking earnings reaching 6.1 million USD.

On November 12, Upexi, a digital asset reserve and consumer brand company based on Solana, announced “record” quarterly performance, with its digital asset revenue surpassing $6 million, driving overall gross profit to $8.3 million, a year-on-year surge of 183%. This NASDAQ-listed company’s financial report showed total revenue of $9.2 million for the first fiscal quarter (compared to $4.4 million in the same period last year), primarily contributed by digital asset income from staking revenue amounting to $6.1 million. The company simultaneously completed a $200 million private sale of common stock and convertible bonds this quarter and signed a $500 million equity financing agreement with A.G.P to accelerate the expansion of its Solana asset reserve strategy. The net profit for the quarter reached $66.7 million (earnings per share of $1.21), returning to profitability compared to a net loss of $1.6 million (loss per share of $1.55) for the quarter ending September 30, 2024. On Wednesday, it was announced that the profit growth was mainly due to unrealized gains of approximately $78 million from the Solana asset reserve. After the latest increase in holdings last week, Upexi's total open interest has exceeded 2.1 million SOL.