| CRYPTO ASSETS HELD, NET |
NOTE 4. CRYPTO ASSETS HELD, NET
The Company held the following crypto assets as of June 30, 2025, and
December 31, 2024:
| Schedule of crypto assets |
|
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|
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|
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|
|
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| |
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June 30,
2025 |
|
|
December 31,
2024 |
|
| |
|
Qty (1) |
|
|
Average Rate |
|
|
Amount
(in thousands) |
|
|
Qty (1) |
|
|
Average Rate |
|
|
Amount
(in thousands) |
|
| Bitcoin |
|
|
13 |
|
|
$ |
107,135 |
|
|
$ |
1,423 |
|
|
|
11 |
|
|
$ |
93,000 |
|
|
$ |
1,051 |
|
| Tether (USDt) |
|
|
10,674 |
|
|
|
1 |
|
|
|
11 |
|
|
|
190,978 |
|
|
|
1 |
|
|
|
191 |
|
| |
|
|
|
|
|
|
|
|
|
$ |
1,434 |
|
|
|
|
|
|
|
|
|
|
$ |
1,241 |
|
| (1) |
Rounded off to the nearest whole number |
The table below shows the roll-forward of quantity and costs of various
crypto assets traded by the Company for the three months and six months ended June 30, 2025 and June 30, 2024, respectively.
| Schedule of roll-forward of quantity and costs | |
| | |
| |
| | |
Bitcoin | | |
Tether (USDt) | |
| Three months ended June 30, 2025 | |
Qty(1) | | |
Cost (in thousands) | | |
Qty(1) | | |
Cost (in thousands) | |
| April 1, 2025 | |
| 17 | | |
$ | 1,372 | | |
| 239,826 | | |
$ | 240 | |
| Purchases | |
| 477 | | |
| 45,338 | | |
| – | | |
| – | |
| Cost of sales | |
| (474 | ) | |
| (44,472 | ) | |
| (229,152 | ) | |
| (229 | ) |
| Unrealized loss on crypto assets | |
| – | | |
| (47 | ) | |
| – | | |
| – | |
| Crypto assets received independent Bitcoin ATM operators [affiliates program] | |
| 2 | | |
| 192 | | |
| – | | |
| – | |
| Crypto assets used for expenses | |
| (1 | ) | |
| (120 | ) | |
| – | | |
| – | |
| Crypto assets used for capital expenditure | |
| (8 | ) | |
| (822 | ) | |
| – | | |
| – | |
| Crypto assets used for other payments | |
| – | | |
| (18 | ) | |
| – | | |
| – | |
| June 30, 2025 | |
| 13 | | |
$ | 1,423 | | |
| 10,674 | | |
$ | 11 | |
| Three months ended June 30, 2024 | |
| | |
| | |
| | |
| |
| April 1, 2024 | |
| 7 | | |
$ | 483 | | |
| 384,344 | | |
$ | 384 | |
| Purchases | |
| 829 | | |
| 54,573 | | |
| 570,560 | | |
| 571 | |
| Cost of sales | |
| (801 | ) | |
| (52,732 | ) | |
| (616,127 | ) | |
| (616 | ) |
| Impairment on crypto assets | |
| – | | |
| (1 | ) | |
| – | | |
| – | |
| Crypto assets used for expenses | |
| (24 | ) | |
| (1,688 | ) | |
| 3,512 | | |
| 3 | |
| Crypto assets used for other payments | |
| (3 | ) | |
| (165 | ) | |
| – | | |
| – | |
| June 30, 2024 | |
| 8 | | |
$ | 470 | | |
| 342,289 | | |
$ | 342 | |
| (1) |
Rounded off to the nearest whole number |
| | |
Bitcoin | | |
Tether (USDt) | |
| Six months ended | |
Qty(1) | | |
Cost (in thousands) | | |
Qty(1) | | |
Cost (in thousands) | |
| January 1, 2025 | |
| 11 | | |
$ | 1,051 | | |
| 190,978 | | |
$ | 191 | |
| Purchases | |
| 1,065 | | |
| 101,196 | | |
| 143,567 | | |
| 144 | |
| Cost of sales | |
| (1,048 | ) | |
| (99,329 | ) | |
| (323,871 | ) | |
| (324 | ) |
| Unrealized loss on crypto assets | |
| – | | |
| (93 | ) | |
| – | | |
| – | |
| Crypto assets received for independent Bitcoin ATM operators [affiliates program] | |
| 7 | | |
| 701 | | |
| – | | |
| – | |
| Crypto assets used for expenses | |
| (3 | ) | |
| (297 | ) | |
| – | | |
| – | |
| Crypto assets used for capital expenditure | |
| (18 | ) | |
| (1,723 | ) | |
| – | | |
| – | |
| Crypto assets used for other payments | |
| (1 | ) | |
| (83 | ) | |
| – | | |
| – | |
| June 30, 2025 | |
| 13 | | |
$ | 1,423 | | |
| 10,674 | | |
$ | 11 | |
| (1) |
Rounded off to the nearest whole number |
| | |
Bitcoin | | |
Tether (USDt) | |
| Six months ended | |
Qty(1) | | |
Cost (in thousands) | | |
Qty(1) | | |
Cost (in thousands) | |
| January 1, 2024 | |
| 9 | | |
$ | 399 | | |
| 22,190 | | |
$ | 22 | |
| Purchases | |
| 2,039 | | |
| 118,122 | | |
| 1,457,806 | | |
| 1,458 | |
| Cost of sales | |
| (1,959 | ) | |
| (113,678 | ) | |
| (1,134,195 | ) | |
| (1,135 | ) |
| Impairment on crypto assets | |
| – | | |
| (127 | ) | |
| – | | |
| – | |
| Crypto assets used for expenses | |
| (72 | ) | |
| (3,710 | ) | |
| (3,512 | ) | |
| (3 | ) |
| Crypto assets used for capital expenditure | |
| (3 | ) | |
| (186 | ) | |
| – | | |
| – | |
| Crypto assets used for other payments | |
| (6 | ) | |
| (350 | ) | |
| – | | |
| – | |
| June 30, 2024 | |
| 8 | | |
$ | 470 | | |
| 342,289 | | |
$ | 342 | |
| (1) |
Rounded off to the nearest whole number |
|