v3.26.1
CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
SUI staking revenue $ 523,448 $ 0
Digital lending interest income 70,449 0
Investment income 0 778,027
Total Revenues 593,897 778,027
Operating (Income) Expenses    
Professional fees 1,779,501 142,656
Stock-based compensation 1,993,824 0
Asset and strategic management fees 340,189 0
Compensation expense 451,162 193,269
Insurance 450,665 23,771
Unrealized loss on digital assets and receivable 18,604,938 0
Realized loss on digital assets 34,854,553 0
Impairment of digital asset receivable 1,367,236 0
Provision for credit losses 1,151,335 0
Net realized and unrealized gain on investments 0 (162,502)
Other general and administrative 104,565 20,087
Total Operating Expenses 61,097,968 217,281
Operating Income (Loss) (60,504,071) 560,746
Other Income (Loss)    
Investment income 673,562 0
Net realized and unrealized loss on investments (11,223,980)  
Other income 107,656 0
Total Other Loss (10,442,762) 0
Income (Loss) Before Taxes (70,946,833) 560,746
Provision for Income Taxes 0 109,000
Net Income (Loss) $ (70,946,833) $ 451,746
Earnings per Share    
Basic $ (0.88) $ 0.07
Diluted $ (0.88) $ 0.07
Weighted-average number of common shares outstanding - basic 80,896,554 6,320,533
Weighted-average number of common shares outstanding - diluted 80,896,554 6,371,849