v3.25.4
Income Taxes - Schedule of Deferred Tax Assets And Liabilities (Details) - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Deferred tax assets    
Intangible assets $ 5,282 $ 1,551
Share-based compensation 2,430 1,501
Net operating loss carryforward 1,409 459
Federal tax credit carry forwards 457 0
Other 109 0
Less: valuation allowance (321) (448)
Total deferred tax assets 9,366 3,063
Deferred tax liabilities    
Unrealized gain on digital assets (20,656) (24,297)
Prepaid expenses (640) (511)
Fixed assets (61) (34)
Total deferred tax liabilities (21,357) (24,842)
Net deferred tax liabilities $ (11,991) $ (21,779)