#美国终止政府停摆危机 Upexi, the company that specializes in accumulating SOL on Nasdaq, recently delivered an impressive performance report.

The Q1 financial report released on November 12 shows that gross profit surged to 8.3 million USD, a staggering 183% increase compared to the same period last year. Behind this number, digital asset revenue contributed 6.1 million USD—essentially all earned through staking SOL. Total revenue reached 9.2 million USD, compared to just 4.4 million USD in the same period last year, more than doubling.

The more ruthless aspect is the reversal of profitability.

The net profit for the quarter was $66.7 million, equivalent to $1.21 per share. It is worth noting that in the quarter of September 2024, they were still at a loss of $1.6 million (a loss of $1.55 per share). This time, they were able to turn a profit mainly due to the unrealized gains of about $78 million from their SOL assets. The figures on the balance sheet skyrocketed.

Capital movements have not been idle either: this quarter, we completed a $200 million private placement of common stock and convertible bonds, and signed a $500 million equity financing agreement with A.G.P. The funds are in place, and the strategy is clear—continue to expand the Solana reserve scale.

As of the latest increase in holdings last week, Upexi holds a total of over 2.1 million $SOL. This volume is quite a decisive bet on Solana for a publicly listed company.