v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (69,164,319) $ (17,268,697)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 1,537 879
Stock-based compensation 1,724,532 3,598,309
Blockchain infrastructure revenue (1,135,351) (1,688,935)
DeFi revenue (1,012,026)
Blockchain-based payments settled in digital assets 1,089,233 1,480,324
DeFi interest expense settled in digital assets 474,879
Blockchain network fees 368 3,054
Change in fair value of warrant liabilities (225,150)
Amortization on debt discount and issuance costs 810,848
Realized losses on digital asset transactions 29,293,946 1,382,288
Unrealized loss on digital assets 35,685,176 14,530,822
Impairment loss on intangible digital assets (209,921)
Changes in operating assets and liabilities:    
Stablecoins 920,156 949
Intangible digital assets 419,842
Prepaid expenses and other current assets (108,080) (172,102)
Accounts payable and accrued expenses (20,870) 50,870
Accrued compensation (505,939) (3,595,028)
Accrued interest (5,775)
Net cash used in operating activities (1,741,764) (1,902,417)
Cash flows from investing activities:    
Purchase of productive digital assets for validating (48,940)
Sale of productive digital assets 18,221,577 264,498
Purchase of investments (250,000)
Purchase of property and equipment (1,695)
Sale of property and equipment 1,750
Net cash provided by (used in) investing activities 18,221,577 (34,387)
Cash flow from financing activities:    
Net proceeds from issuance common stock/ At-the-market offering 228,955
Proceeds from DeFi borrowing 500,000
Payments on DeFi borrowing (18,221,577)
Net cash (used in) provided by financing activities (17,721,577) 228,955
Net decrease in cash (1,241,764) (1,707,849)
Cash, beginning of period 1,526,395 1,977,778
Cash, end of period 284,631 269,929
Supplemental disclosure of cash flow information:    
Cash paid for interest 267,908
Supplemental disclosure of non-cash investing, financing and other activities:    
Series V Preferred Stock Distribution 180,688
Dividends distributions paid in ETH (723,218)
DeFi borrowing activity    
USDT received against ETH collateral from new DeFi borrowing 500,000
ETH swapped to USDT in settlement of DeFi borrowing principal 18,221,577
ETH swapped to USDT in settlement of accrued DeFi interest 474,879
Liquidity pool activity:    
ETH swapped into stablecoins for liquidity pool deployment 5,060,996
Deployments of digital assets into liquidity pool positions (12,555,020)
Withdrawals of digital assets from liquidity pool positions $ 1,031,535