Nasdaq-listed company Upexi announced its second fiscal quarter financial report for fiscal year 2026 ending December 31, 2025. Despite quarterly revenue doubling year-over-year to $8.1 million, a decline in Solana's price impacted its SOL treasury, resulting in a net loss of approximately $179 million. The company stated that the loss mainly stemmed from unrealized fair value losses of about $164.5 million on crypto assets and $8.3 million in stock-based compensation expenses, both of which are non-cash accounting adjustments. Upexi's stock price also fell to around $0.9, a significant drop from over $22 following its strategic shift to a crypto treasury approach. As of the end of the quarter, Upexi held approximately 2.17 million SOL, with about 95% pledged as collateral. (The Block)