Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2026	Jul. 02, 2025	Jun. 30, 2025
Current assets
Cash and cash equivalents	$ 113,064		$ 0
Prepaids and other current assets	3,562		0
Receivable from related party	779		0
Total current assets	117,405		0
HYPE digital assets	689,045		0
Equity method investment	3,036		0
Other non-current assets	923		0
Total assets	810,409		0
Current liabilities
Accounts payable	2,552		597
Other current liabilities	3,890		0
Total current liabilities	6,442		597
Accounts payable and accrued expenses		$ 2,425
Deferred tax liability	60,465		0
Total liabilities	66,907	2,425	597
Stockholders' equity (deficit):
Series A Preferred stock, $0.01 par value, 100,000,000 shares authorized, 166,173 and 0, shares issued and outstanding as of March 31, 2026, and June 30, 2025, respectively	2		0
Common stock, $0.01 par value, 2,000,000,000 shares authorized; 127,287,205 shares issued and 124,220,108 shares outstanding (excluding treasury shares of 3,067,097) and 0 shares issued and 0 shares outstanding (excluding treasury shares of 0) as of March 31, 2026, and June 30, 2025, respectively	1,273	0	0
Additional paid-in capital	918,747		0
Accumulated deficit	(165,948)	(2,425)	(597)
Treasury stock, at cost; 3,067,097 and 0 shares as of March 31, 2026, and June 30, 2025, respectively	(10,572)		0
Total stockholders' equity (deficit)	743,502	(2,425)	(597)
Total liabilities and stockholders' equity (deficit)	$ 810,409	$ 0	$ 0

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

- Definition

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).