Solana Finance's Upexi reported record quarterly results, with digital asset revenue exceeding $6 million.

Odaily Planet Daily reports that Upexi, the Nasdaq-listed Solana finance company, announced record-breaking quarterly earnings, with digital asset revenue exceeding $6 million and gross profit reaching $8.3 million, a 183% year-over-year increase. Its total revenue for the first fiscal quarter was $9.2 million, compared to $4.4 million in the same period last year, of which $6.1 million came from digital asset revenue (primarily from staking). For the quarter ended September 30, 2024, the company reported net income of $66.7 million, or $1.21 per share, compared to a net loss of $1.6 million, or $1.55 per share, in the same period last year. The growth was primarily driven by approximately $78 million in unrealized gains from Solana reserves. Furthermore, following last week's purchase and update, Upexi's total Solana holdings exceeded 2.1 million, making it the second-largest Solana reserve holder after DeFi Development Corp. (The Block)