v3.26.1
DIGITAL ASSETS
 3 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
DIGITAL ASSETS

5. DIGITAL ASSETS

 

Digital assets consist of the following at March 31, 2026:

 

   March 31, 2026 
   Quantity   Fair Value (USD) 
         
Worldcoin (WLD) – Level 1   277,222,975   $76,527,378 
Ethereum (ETH) – Level 1   11,068    23,285,383 
Stablecoins (USDC, USDT) – Level 1   75,497,129    75,497,129 
Total digital assets, at fair value       $175,309,890 

 

Digital assets consist of the following at December 31, 2025:

 

   December 31, 2025 
   Quantity   Fair Value (USD) 
         
Worldcoin (WLD) – Level 1   277,222,975   $133,080,890 
Ethereum (ETH) – Level 1   11,068    32,838,381 
Stablecoins (USDC, USDT) – Level 1   9,982,374    9,982,374 
Total digital assets, at fair value       $175,901,645 

 

The Company’s digital assets are held with third-party custodians and institutional trading counterparties. These arrangements expose the Company to counterparty, concentration, and safeguarding risks, including technological, operational, and cybersecurity risks. The Company does not hold digital assets on behalf of third parties.

 

The changes in the carrying amount of digital assets for the period from January 1, 2026 through March 31, 2026 consisted of the following:

 

For the three months ended March 31, 2026    
Beginning balance, December 31, 2025  $175,901,645 
Purchases of digital assets   65,910,119 
Realized/unrealized gains (losses)   (66,501,874)
Sales of digital assets   - 
   $175,309,890 

 

The following table presents the Company’s digital asset holdings by token, including cost basis, fair value, and unrealized gains (losses) as of March 31, 2026:

 

   Cost Basis   Fair Value   Unrealized Gain (Loss) 
             
Token:               
WLD  $320,719,180   $76,527,378   $(244,191,802)
ETH   22,922,752    23,285,383    362,631 
USDC / USDT   75,497,129    75,497,129    - 
Total   419,139,061    175,309,890    (243,829,171)

 

Unrealized gains (losses) represent the difference between the original cost basis and the fair value of each token as of the balance sheet date, based on the closing market price of each respective digital asset.

 

 

EIGHTCO HOLDINGS INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(Unaudited)