[Solana DAT Company Upexi Reports Net Loss of $179 Million] According to Golden Finance, Nasdaq-listed company Upexi reported second-quarter revenue of $8.1 million, a year-on-year increase of 102%. For the first time, digital asset operations surpassed consumer brands to become the primary source of revenue. However, the company posted a net loss of $179 million, primarily due to an unrealized loss of $164.5 million from fair value adjustments of SOL holdings at the end of the quarter. As of the end of the quarter, Upexi held approximately 2.17 million SOL, 95% of which was staked. Management disclosed that current holdings have increased to 2.4 million SOL. The company raised approximately $43 million through the issuance of convertible bonds backed by locked SOL and direct issuance, with cash on hand amounting to approximately $9.7 million. Dragged down by SOL's price falling below $80, Upexi's stock price has dropped about 96% from its peak during last year's transformation.