Solana DAT Upexi posts $109.3 mln loss in Q1 2026 – Here’s why
The post Solana DAT Upexi posts $109.3 mln loss in Q1 2026 – Here’s why appeared on BitcoinEthereumNews.com. The Solana [SOL] digital asset treasury (DAT) company Upexi Inc. made about $4.6 million in total revenue in the first quarter of 2026. This is a good jump compared to the $3.2 million recorded at the same time last year. In its quarterly report, Upexi’s gross profit totaled $4.4 million as compared to $1.6 million recorded last year in Q1 2025. Source: Upexi/Press Release Upexi’s Q1 2026 results raise eyebrows Nevertheless, despite these encouraging figures, net losses for the first quarter of 2026 came to $109.3 million, a significant increase over the $3.8 million recorded in the same quarter that ended on the 31st of March, 2025. Upon closer examination, the report revealed that $92.3 million came from unrealized losses on digital assets—which reflected non-cash quarter-end fair value adjustments—and were the primary cause of the losses. Speaking about the company’s losses,