v3.26.1
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues    
Staking and lending income $ 13,072,141 $ 13,014,797
Management fees 9,696,992 6,443,983
Trading commissions 9,579,010 2,106,286
Research revenue 533,000 1,433,378
Advisory revenue 287,558
Revenues excluding realized and net change in unrealized gains (losses) 33,168,701 22,998,444
Realized and net change in unrealized (loss) gain on digital assets (233,989,493) 252,040,373
Realized and net change in unrealized (loss) gain on equity investments at FVTPL (51,007,843) 108,915,688
Realized and net change in unrealized gain (loss) on ETP payables 350,965,104 (352,528,754)
Revenues from realized and net change in unrealized gains (losses) 65,967,768 8,427,307
Total revenues 99,136,469 31,425,751
Operating expenses    
Operating, general and administration 34,219,133 36,735,665
Share based payments 13,210,103 19,249,685
Depreciation - equipment 1,666 5,990
Amortization - right-of-use assets 207,328
Amortization - intangibles 1,331,581 1,543,995
Fees and commissions 6,200,681 4,107,102
Foreign exchange (gain) loss (2,558,519) (321,322)
Total operating expenses 52,611,973 61,321,115
Operating income (loss) 46,524,496 (29,895,364)
Realized (loss) gain on investments (419,093) 112,984
Unrealized (loss) gain on investments (16,501,202) 7,908,831
Interest income 542,622 4,537
Interest recovery (expense) 773,244 (2,824,092)
Financing expense (4,677,123)
Gain on deconsolidation 583,966
Loss on investment in associate (75,506)
Change in fair value of warrant liability 39,595,879
Bad debt expense (726,240) (216,635)
Impairment loss (2,077,585) (3,622,456)
Total other (expenses) income 17,018,962 1,363,169
Net income (loss) for the year before taxes 63,543,458 (28,532,195)
Current income taxes 1,137,731
Net income (loss) for the year after taxes 62,405,727 (28,532,195)
Other comprehensive income Cumulative translation adjustment 294,045 915,334
Net income (loss) and comprehensive income (loss) for the year 62,699,772 (27,616,861)
Net income (loss) attributed to:    
Owners of the parent 62,405,727 (28,532,195)
Non-controlling interests
Net income (loss) attributed 62,405,727 (28,532,195)
Net income (loss) and comprehensive income (loss) attributed to:    
Owners of the parent 62,772,109 (27,616,861)
Non-controlling interests (72,337)
Total, Net income (loss) and comprehensive income (loss) attributed $ 62,699,772 $ (27,616,861)
Income (loss) per share    
Basic (in Dollars per share) $ 0.18 $ (0.1)
Diluted (in Dollars per share) $ 0.17 $ (0.1)
Weighted average number of shares outstanding:    
Basic (in Shares) 344,919,433 295,591,423
Diluted (in Shares) 377,532,673 295,591,423