Upexi

Upexi (UPXI) reported FY2025 revenue of $15.8M with a 67% gross margin, but a $13.7M net loss. However, its Solana (SOL) treasury surged to 2,018,419 SOL, a 174% increase. This boosted NAV to $433M, a 281% jump, with unrealized gains of $128M (up 1,300%). Staking generates ~$100K daily revenue at an 8% yield. Upexi has pivoted towards becoming a Solana treasury vehicle.