Upexi Reports $179M Q4 2025 Loss While Expanding Solana Treasury and Staking 95% of Over 2M SOL

Upexi recorded an estimated $179 million net loss in the fourth quarter of 2025 as weaker crypto prices hit its Solana-heavy reserves, yet the firm still added 106,000 SOL and finished the year with more than 2 million tokens. Around 95% of its SOL stack is staked, while the company bolstered liquidity with a $36 million Solana-backed convertible note and a $7.4 million direct offering. Over the same period, Solana's price slid toward key technical support around $78–$79 after breaking down from higher levels.