Nasdaq-listed company Upexi released its financial report for Q2 of fiscal year 2026, ending December 31, 2025. Despite quarterly revenue doubling year-over-year to $8.1 million, the company reported a net loss of approximately $179 million due to the decline in Solana's price, which impacted its SOL treasury. The company stated that the loss was primarily driven by an unrealized fair value loss of about $164.5 million on crypto assets and $8.3 million in stock-based compensation expenses, both of which are non-cash accounting adjustments. Upexi's stock price also dropped to around $0.9, a significant decline from its peak of over $22 after adopting its crypto treasury strategy. By the end of the quarter, Upexi held approximately 2.17 million SOL, with about 95% staked. (The Block) https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=56606