| Schedule of Digital Asset Impairment Losses |
The following table presents a roll-forward of
the Company’s bitcoin holdings, including additional information related to its bitcoin purchases, and digital asset impairment
losses during the period:
| | |
Digital asset
original cost basis | | |
Fair value change in
digital asset | | |
Digital asset
fair value | | |
Number of
Bitcoin held | |
| Balance on December 31, 2023 | |
$ | 24,990,000 | | |
$ | 10,147,576 | | |
$ | 35,137,576 | | |
| 833 | |
| Fair value gain on digital asset | |
| - | | |
$ | 43,184,854 | | |
$ | 43,184,854 | | |
| - | |
| Balance on December 31, 2024 | |
$ | 24,990,000 | | |
$ | 53,332,430 | | |
$ | 78,322,430 | | |
| 833 | |
| Digital asset purchase | |
| 158,083,667 | | |
| | | |
| 158,083,667 | | |
| 5,000 | |
| Fair value gain on digital asset | |
| | | |
$ | 245,311,156 | | |
| 245,311,156 | | |
| - | |
| Balance on March 31, 2025 | |
$ | 183,073,667 | | |
$ | 298,643,586 | | |
$ | 481,717,253 | | |
| 5,833 | |
|