v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities    
Net (loss) income $ (135,564,403) $ 312,014,952
Share-based compensation 8,385,862
Fair value loss (gain) on digital assets 164,643,679 (395,661,456)
Deferred income tax (benefits) expenses (40,524,270) 82,940,684
Changes in Operating Assets and Liabilities:    
Accounts receivable 227,272 1,260,000
Prepaid expenses 317,172
Accounts payable 542,178 (730,000)
Director fee payable 75,053 (693,334)
Accrued expense and other payable (172,208) 869,154
Net cash used in operating activities: (2,069,665)
Cash Flow from Financing Activities    
Proceeds from stock issuances for a third party investor 156,951,460
Repayment of loans from third parties (1,462,471)
Net cash provided by financing activities: 155,488,989
Net change in cash and cash equivalents: 153,419,324
Cash and cash equivalents, beginning of the period 5,623,944 668,387
Cash and cash equivalents, end of the period 159,043,268 668,387
Supplemental disclosure of non-cash financing activities:    
Issuance of common stock to acquire digital assets 145,958,167
Advance payment for acquisition of digital assets 12,125,500
Cash paid for interest
Cash paid for income tax