v3.26.1
Bitcoin and Digital Assets
3 Months Ended
Mar. 31, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Bitcoin and Digital Assets

3. Bitcoin and Digital Assets

 

Below is a rollforward of the bitcoin held for the three months ended March 31, 2026 and 2025. The USD column reflects the fair market value of the bitcoin held by the Company as of the period end (March 31st) dates, along with the fair value at the point in time of purchase, contribution, or sale for the respective transactions completed throughout the course of the periods presented.

 

Schedule of Bitcoin Holdings 

Bitcoin Holdings  BTC   USD 
December 31, 2024   10.617   $992,437 
Purchases   -    - 
Sale proceeds   -    - 
Unrealized loss on bitcoin   -    (115,338)
Realized gain on bitcoin   -    - 
March 31, 2025   10.617   $877,099 
           
December 31, 2025   11.690   $1,023,306 
Purchases   -    - 
Sale proceeds   -    - 
Unrealized loss on bitcoin   -    (225,356)
Realized gain on bitcoin   -    - 
March 31, 2026   11.690   $797,950 

 

 

Below is a breakdown of the cost of the bitcoin acquired, as well as the unrealized gain that in total reflects the fair market value on the condensed balance sheets.

Schedule of Fair Market Value  

   March 31,   December 31, 
   2026   2025 
Cost Basis  $570,659   $570,659 
Unrealized Gain  $227,291   $452,647 
Total fair market value of bitcoin held  $797,950   $1,023,306