Upexi Posts Record $66.7M Profit After $78M Solana Treasury Gain
Upexi said it posted a record $66.7 million net income on Nov. 12, 2025, reversing earlier losses after recognizing a $78 million unrealized gain on crypto assets linked to its Solana holdings. The quarterly swing underscores how mark-to-market gains in volatile token markets can rapidly alter reported profitability, even if those gains remain unrealized. The result will draw attention from investors watching both treasury performance and accounting treatment of crypto holdings.
To support faster growth, Upexi secured roughly $700 million in committed credit lines and capital to accelerate acquisition and management of digital assets. That added liquidity gives the firm more buying power and flexibility but raises questions about leverage and risk management amid ongoing regulatory scrutiny of crypto treasuries. Market participants will likely watch Upexi’s asset mix and execution as a barometer for institutional appetite in Solana and broader token exposure.