Upexi Inc. has announced its financial results for the first quarter ending March 31, 2025. The company reported a total revenue of $3.1 million, reflecting the performance of its legacy consumer business. Gross profit increased by 23% year-over-year, totaling approximately $1.6 million. However, Upexi reported a net loss of approximately $3.8 million for the quarter. In addition to its financial results, Upexi provided an update on its cryptocurrency treasury strategy. The company has accumulated 597,002 SOL tokens, valued at approximately $102.4 million at the current price of $171.50 per SOL. This represents an unrealized gain of approximately $18.1 million in their SOL treasury. Upexi has also begun receiving staking revenue from its SOL holdings, with a current yield of approximately 7.9%, generating over 48,000 tokens per year. Upexi's CEO, Allan Marshall, emphasized the company's commitment to its cryptocurrency strategy, aiming to continue accumulating SOL to benefit shareholders. The company recently closed a $100 million private placement from prominent crypto venture capital firms and is leveraging its cryptocurrency portfolio to enhance its business operations.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.