v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 159,043,268 $ 5,623,944
Digital assets 351,509,806 516,153,485
Accounts receivable, net 127,500 354,772
Prepaid expenses 1,682,041 1,999,213
Total current assets 512,362,615 524,131,414
Non-current assets:    
Investment in associate company
Total non-current assets
Total assets 512,362,615 524,131,414
Current liabilities:    
Accounts payable 1,293,500 751,322
Income tax payable 130,415 130,415
Accrued expense and other payable 758,988 2,393,667
Total current liabilities 2,918,215 3,935,663
Non-current liabilities:    
Deferred tax liabilities 24,092,072 64,616,342
Total non-current liabilities 24,092,072 64,616,342
Total liabilities 27,010,287 68,552,005
Stockholders’ Equity:    
Common stock: $0.0000 par value per share; 147,296,192 and 4,882,556 issued and outstanding as of June 30, 2026 and December 31,2025, respectively* [1]
Additional paid-in capital 468,583,287 303,245,965
Retained earnings 16,769,041 152,333,444
Total Stockholders’ Equity 485,352,328 455,579,409
Total Liabilities and Stockholders’ Equity 512,362,615 524,131,414
Related Party    
Current liabilities:    
Amount due to related parties $ 735,312 $ 660,259
[1] On September 16, 2025, the Company effected a 200-for-1 reverse stock split of its common stock, resulting in the consolidation of every two hundred issued and outstanding shares into one share. The reverse stock split reduced the number of outstanding shares from approximately 566,265,135 to approximately 2,862,556.