| Schedule of Digital assets (Bitcoin and Tether) |
Digital assets consisted of the following:
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June 30, 2025 |
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December 31, 2024 |
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June 30, 2024 |
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Bitcoin |
$ |
|
11,674,195 |
|
|
|
9,019,205 |
|
$ |
$ |
10,020,457 |
|
|
Tether |
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|
3,578 |
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|
2,722 |
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|
11,647 |
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Digital assets - current |
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11,677,773 |
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9,021,927 |
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10,032,104 |
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Bitcoin - long-term |
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5,000,000 |
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5,000,000 |
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|
- |
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Total digital assets |
$ |
|
16,677,773 |
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14,021,927 |
|
$ |
|
10,032,104 |
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Bitcoin |
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June 30, 2025 |
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December 31, 2024 |
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June 30, 2024 |
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Number of Bitcoin held |
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155.5 |
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|
150.2 |
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|
160.4 |
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Carrying basis - per Bitcoin |
|
$ |
93,828 |
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|
$ |
65,332 |
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$ |
54,479 |
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Fair value - per Bitcoin |
|
$ |
107,173 |
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|
$ |
93,354 |
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$ |
62,668 |
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Carrying basis of Bitcoin |
|
$ |
14,590,324 |
|
|
$ |
9,812,891 |
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|
$ |
8,738,376 |
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Fair value of Bitcoin |
|
$ |
16,674,195 |
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|
$ |
14,019,205 |
|
|
$ |
10,020,457 |
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| Schedule of Rollforward of Bitcoin |
The following table presents a roll-forward of Bitcoin for the six months ended June 30, 2025 and 2024:
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Bitcoin |
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June 30, 2025 |
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June 30, 2024 |
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Bitcoin beginning of period |
$ |
|
14,019,205 |
|
|
$ |
3,406,096 |
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Cumulative effect of the adoption of ASU 2023-08 |
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|
- |
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|
614,106 |
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Beginning balance |
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14,019,205 |
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|
4,020,202 |
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Addition of Bitcoin from mining activities |
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|
4,080,304 |
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|
7,490,981 |
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Disposition of Bitcoin from sales |
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|
(3,323,773 |
) |
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(4,540,682 |
) |
Gain (loss) on fair value of purchased Bitcoin, net |
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|
(52,704 |
) |
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|
57,926 |
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Gain on fair value of Bitcoin, net |
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1,951,163 |
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|
2,992,030 |
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End of period |
$ |
|
16,674,195 |
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10,020,457 |
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