| Schedule of Digital Assets Holdings |
The
following table presents the Company’s significant digital assets holdings as of March 31, 2026:
| | | Quantity | | | Cost Basis | | | Fair Value | | | BTC | | | 1.2 | | | $ | 74,133 | | | $ | 77,577 | | | ETH | | | 140,195.9 | | | | 428,601,968 | | | | 294,918,527 | | | Total digital assets held as of March 31, 2026 | | | | | | $ | 428,676,101 | | | $ | 294,996,104 | |
|
| Schedule of Based on the Fair Value Model |
The
following table presents a roll-forward of BTC for the three months ended March 31, 2026, based on the fair value model under ASU 2023-08:
| | |
Fair
value | |
| BTC
fair value as of December 31, 2025 | |
$ | 350,026 | |
| Receipt
of BTC from mining services | |
| 3,704,796 | |
| Sales
of BTC in exchange of cash | |
| (3,353,382 | ) |
| Sales
of BTC in exchange of USDC | |
| (276,440 | ) |
| Payment
of BTC for service charges from mining facilities | |
| (69,980 | ) |
| Payment
of BTC for other expenses | |
| (1,168 | ) |
| Change
in fair value of BTC | |
| (276,275 | ) |
| BTC
fair value as of March 31, 2026 | |
$ | 77,577 | |
The
following table presents a roll-forward of ETH for the three months ended March 31, 2026, based on the fair value model under ASU 2023-08:
| | |
Fair
value | |
| ETH
fair value as of December 31, 2025 | |
$ | 415,384,383 | |
| Receipt
of ETH from native staking business | |
| 2,296,509 | |
| Sales
of ETH in exchange of cash | |
| (1,967,700 | ) |
| Change
in fair value of ETH | |
| (120,794,665 | ) |
| ETH
fair value as of March 31, 2026 | |
$ | 294,918,527 | |
|