Upexi Faces $179 Million Loss Amid Soaring SOL Revenue

Upexi reports a staggering $179 million loss as staking income from digital assets becomes its primary revenue source amidst SOL price decline.

Upexi has announced a significant financial setback, reporting a loss of $179 million as the price of SOL continues to decline, adversely affecting its treasury. Despite this downturn, the company saw a remarkable doubling in revenue.

The firm highlighted that its digital asset segment, particularly earnings from staking, has grown to represent the bulk of its total revenue. This shift indicates the increasing importance of digital currencies within Upexi's overall business model.