v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash $ 12,320,547 $ 10,382,745
Prepaid expenses – related party 4,166,667 6,666,667
Prepaid expenses and other current assets 716,790 475,869
Inventories, net 457,709 645,268
Total Current Assets 18,380,184 18,882,511
Digital commodities, at fair value 162,490,274 250,111,125
Fixed assets, net 58,833 81,167
Other assets 73,319 370
Total Assets 181,002,610 269,075,173
Current Liabilities    
Accounts payable 1,581,488 590,692
Accrued expenses and other 556,990 921,954
Margin loan 3,084,931
Warrant liability 80,742 97,450
Total Current Liabilities 2,219,220 4,695,027
Total Liabilities 2,219,220 4,695,027
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 0 shares issued and outstanding (2025: 0)
Common stock, $0.0001 par value; 500,000,000 shares authorized; 40,290,005 issued, 39,422,326 outstanding at March 31, 2026 and 28,995,403 issued and outstanding at December 31, 2025 4,028 2,899
Additional paid-in capital 583,554,787 581,324,579
Treasury stock, at cost, 867,678 and 0 shares, respectively at March 31, 2026 and December 31, 2025 (1,588,861)
Accumulated deficit (403,186,564) (316,947,332)
Total Stockholders’ Equity 178,783,390 264,380,146
Total Liabilities and Stockholders’ Equity 181,002,610 269,075,173
Product Trade [Member]    
Current Assets    
Accounts receivable 396,900 204,120
Digital Currency [Member]    
Current Assets    
Accounts receivable $ 321,571 $ 507,842