| DIGITAL ASSETS |
8. DIGITAL ASSETS
| | |
As of
December 31,
2025 | | |
As of
June 30,
2025 | |
| Non-Fungible Token A (1) | |
$ | 140,586 | | |
$ | 140,586 | |
| Non-Fungible Token B (1) | |
| 600,000 | | |
| 600,000 | |
| Bitcoin (2) | |
| 33,000,000 | | |
| - | |
| | |
| 33,740,586 | | |
| 740,586 | |
| Fair value change on digital assets | |
| (6,650,232 | ) | |
| - | |
| Impairment | |
| (740,586 | ) | |
| (740,586 | ) |
| Digital assets, net | |
$ | 26,349,768 | | |
$ | - | |
| (1) | NFT A and NFT B were built during the fiscal year ended June 30, 2024. Considering that NFT B did not generate any sales although it was uploaded to sell for more than 10 months, the Company made full impairment of NFT B as of June 30, 2024. Considering that NFT A did not generate any sales during 2025, the Company made full impairment of NFT A as of June 30, 2025. |
| (2) | During the six months ended December 31, 2025, the Company completed of a strategic investment totaling approximately $33,000,000 in Bitcoin (BTC), representing 300 BTC. As at 31 December 2025, the market price of Bitcoin decreased. Accordingly, the Company recognized an loss of $6,650,232 to adjust the carrying amount of such Bitcoin assets to their fair value at that date. |
|