UPXI reports FY2026 loss driven by unrealized Solana holdings
Upexi reported a $246.1M FY2026 loss, largely driven by $195.1M unrealized Solana holdings. The company says cost cuts plus staking (≈95% of SOL staked) should make staking revenue exceed cash operating expenses this quarter. It also amended a BitGo Prime loan and repurchased shares/retired them.