ME News report, May 13 (UTC+8): According to comprehensive disclosures from BBX crypto-related stock information, Upexi released its Q3 FY2026 financial report yesterday: SOL holdings increased by 9% quarter-over-quarter to over 2 million tokens; Prenetics Global is executing a liquidation plan for 510 BTC, aiming to complete it before May 14, with an expected revenue of approximately $40 million; over 95% of Sharps Technology’s more than 2 million SOL treasury holdings have been staked, yielding an annualized return of approximately 7%.
[Key Updates]
- Upexi, Inc. (NASDAQ: UPXI) Q3 FY2026 Earnings Report: Revenue of $4.56 million (up 43.8% year-over-year, below expectations of $8.25 million), net loss of $109 million (including a non-cash, unrealized loss of $92.3 million on SOL holdings). During Q3, SOL holdings increased by approximately 189,000 tokens (+9%), reaching over 2 million SOL as of the reporting date, the vast majority of which are staked. The company completed a $36 million convertible bond private placement (backed by 265,500 locked SOL tokens) and a $7.4 million registered direct offering. Management expects operating cash outflows to be lower than staking income before July 2026, achieving cash flow neutrality; shares fell approximately 8% on the day.
- The Board of Prenetics Global Limited (NASDAQ: PRE) approved on May 1 the full liquidation of approximately 510 BTC—accumulated at a rate of one BTC per day since August 1, 2025—executed via institutional over-the-counter channels, with completion targeted by May 14. Based on recent market prices of approximately $80,000 per BTC, the expected total proceeds are around $40 million. Upon completion of the liquidation, the company’s combined cash and liquid assets are projected to reach $145–150 million, with no interest-bearing debt. The proceeds will be used to expand the $40 million share repurchase program and to promote direct-to-consumer sales of the IM8 health brand. ⚠️ The BTC were sold at a loss, and the company has declared a permanent exit from its digital assets strategy.
Sharps Technology, Inc. (NASDAQ: STSS), according to the latest publicly available data, holds over 2 million SOL tokens, jointly custodied by BitGo and Coinbase Institutional, with approximately 95% staked through the Coinbase Institutional validation node (STSS Validator), generating an annual gross yield of about 7%. With SOL currently trading around $135–140, the company still holds a paper loss of approximately 30% compared to its average holding price of around $195. The company regularly discloses staking income data; in FY2025, it accumulated SOL through over $430 million in financing, and confirmed the continued execution of this strategy in its annual report released on April 6. (Source: BBX)
