**Upexi’s $6.1M Solana Staking Revenue Drives $66.7M Net Income in Record Quarter**
Upexi Inc. (NASDAQ: UPXI) reported a stellar quarter propelled by its innovative Solana staking strategy, posting a net income of $66.7 million on total revenue of $9.2 million. Despite the strong financial results, UPXI shares closed at $3.21, down 4.18%.
### Solana Treasury Model Powers Digital Revenue Surge
A strategic pivot toward Solana-focused treasury operations fueled a digital asset revenue of $6.1 million this quarter, accounting for more than 66% of Upexi’s total revenue. By directly holding and staking Solana tokens, Upexi transformed a traditionally idle asset into a reliable yield-generating source.
This new treasury approach delivered consistent and scalable income, contributing to a gross profit of $8.3 million—a remarkable 183% increase year-over-year—even amid broader digital asset volatility. An unrealized gain of $78 million from Solana holdings was the primary driver behind Upexi’s impressive net income.
Implemented earlier in 2025, this capital deployment strategy enabled Upexi to report earnings per share of $1.21, a significant turnaround from a loss of $1.55 per share in the previous year.
### Consumer Brands Continue to Provide Stable Revenue
While digital assets took center stage, Upexi’s consumer brands unit contributed $3.2 million in operating revenue this quarter. Maintaining this dual revenue stream supports diversification and stability despite evolving market conditions.
Although operating profit from the consumer segment was not disclosed, the company continues to manage this business alongside its rapidly growing blockchain and crypto operations. The consumer brands division remains a supporting pillar, potentially subject to further investment or repositioning as Upexi sharpens its focus on yield innovation.
### Capital Raise and Governance Enhancements Bolster Growth Ambitions
To fund its expansion, Upexi closed a $200 million private placement comprising common stock and convertible notes. In addition, the company secured a $500 million equity line agreement with A.G.P., providing additional financial flexibility for Solana-related growth initiatives.
A recent stockholder vote approved an increase in authorized shares, enabling broader capital access under the equity line agreement. Furthermore, Upexi established an advisory committee to steer treasury strategies, appointing notable industry figures including Arthur Hayes, S◎L Big Brain, and Jon Najarian—highlighting its commitment to a crypto-forward direction.
### Looking Ahead
With $2.2 million in cash on hand and robust backing through capital raises, Upexi is well positioned to accelerate its transformation from a consumer brand into a leading innovator of blockchain yield solutions. The company’s ability to turn digital assets into a profit powerhouse signals an exciting evolution in its financial profile and strategy.
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https://coincentral.com/upexi-inc-upxi-stock-plunge-as-solana-treasury-fuels-record-9-2m-revenue-and-66-7m-profit-surge/
