CoinVoice has recently learned that, according to The Block, Upexi, a Solana financial company listed on Nasdaq, reported a 'record' quarterly financial report, with digital asset revenue exceeding $6 million and a gross profit of $8.3 million, up 183% year-on-year. Its total revenue for the first fiscal quarter was $9.2 million, compared to $4.4 million in the same period last year, in which digital asset revenue (primarily from staking) was $6.1 million. As of September 30, 2024, the company reported a net profit of $66.7 million, or $1.21 per share, compared to a net loss of $1.6 million, or $1.55 per share, in the same period last year, with growth mainly attributed to approximately $78 million in unrealized gains from Solana reserves. Additionally, after an update last week, Upexi's total holdings in Solana exceeded 2.1 million, making it the second-largest holder of Solana reserves, following DeFi Development Corp. [Original link]
