[Upexi, Solana Treasury Company, Reports Third Fiscal Quarter Net Loss Widening to $109 Million] According to Cointelegraph, Upexi, a Solana treasury company, released its third fiscal quarter financial report, showing a net loss widening to $109 million, primarily due to an unrealized loss of $92.3 million on digital assets. Total revenue increased by 46% year-over-year to $4.6 million, mainly driven by staking income. The financial report revealed that as of March 31, Upexi held 2.5 million Solana tokens, valued at over $238 million, making the company the second-largest corporate Solana treasury after Forward Industries. Following the release of the report, Upexi's stock price fell by 8.16%. CEO Marshall stated that the company is improving its fundamentals through stock buybacks and convertible note financing, and in the long term, Solana should be viewed as an asset independent of Bitcoin.