Upexi releases Q1 financial report: Quarterly net loss of $109 million due to impairment of cryptocurrency assets

Upexi's financial report shows that as of March 31, 2026, the company had a net loss of $109.3 million, significantly widening from a net loss of $3.8 million in the same period of 2025. Although total revenue for the quarter reached $4.6 million, an increase from $3.2 million in the same period last year, it was primarily impacted by an unrealized loss of $92.3 million in digital assets, resulting in a loss per share of $1.67.

Upexi stated that by the end of March, it held 2.36 million SOL, with a fair value of approximately $184.9 million, and staking income of $3.5 million. Additionally, the company has completed a $36 million private placement of convertible bonds, exchanging 265,500 locked SOL tokens.