v3.26.1
CONDENSED BALANCE SHEETS - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 5,006,502 $ 21,936,274
Equity investments, at fair value 1,239,864 955,747
Debt investments, at fair value 1,250,000 3,413,975
Interest and dividend receivable, net 150,301 757,794
Digital asset loan receivable, at fair value, net 812,219 1,305,342
Prepaid expenses 1,413,833 1,806,222
Income tax receivable 131,360 131,360
Total current assets 10,004,079 30,306,714
Digital assets, at fair value 81,807,419 147,415,273
Digital asset loan receivable, at fair value, net 1,435,541 2,306,203
Digital asset receivable, at fair value, net ($14,099,886 and $28,774 at fair value, respectively) 19,469,019 28,774
Debt investments, at fair value 0 10,244,122
Equity investments 6,030,000 0
Other assets 0 63,890
Total Assets 118,746,058 190,364,976
Current Liabilities    
Accounts payable and other liabilities 1,146,388 857,341
Deferred income 11,858,820 11,858,820
Accrued payroll liabilities 11,000 1,250
Total current liabilities 13,016,208 12,717,411
Long Term Liabilities    
Deferred income 4,941,180 7,905,886
Total long term liabilities 4,941,180 7,905,886
Total liabilities 17,957,388 20,623,297
Shareholders' Equity    
Common stock, par value $0.001 per share (2,000,000,000 authorized; 76,802,872 issued and outstanding) 76,803 76,803
Additional paid-in capital 433,793,501 431,799,677
Accumulated deficit (333,081,634) (262,134,801)
Total shareholders' equity 100,788,670 169,741,679
Total liabilities and shareholders' equity $ 118,746,058 $ 190,364,976