| Schedule of Company's Bitcoin Holdings |
The following table presents a description of the Company’s bitcoin holdings as of June 30, 2026 and September 30, 2025:
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As of |
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Bitcoin holdings |
|
June 30, 2026 |
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|
September 30, 2025 |
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Number of bitcoin held |
|
|
12,205 |
|
|
|
10,428 |
|
Cost basis - per bitcoin |
|
$ |
90,188 |
|
|
$ |
105,025 |
|
Fair value - per bitcoin |
|
$ |
58,524 |
|
|
$ |
114,068 |
|
Cost basis of bitcoin (in '000s) |
|
$ |
1,100,759 |
|
|
$ |
1,095,151 |
|
Fair value of bitcoin (in '000s) |
|
$ |
714,293 |
|
|
$ |
1,189,443 |
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| Schedule of Activities of The Bitcoin |
The following table presents information based on the activity of bitcoin for the three and nine months ended June 30, 2026 and 2025:
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For the three months ended June 30, |
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For the nine months ended June 30, |
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($ in thousands) |
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2026 |
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2025 |
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2026 |
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2025 |
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Beginning Balance |
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$ |
813,221 |
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|
$ |
979,635 |
|
|
$ |
1,189,443 |
|
|
$ |
431,661 |
|
Addition of bitcoin from mining activities(1) |
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|
138,006 |
|
|
|
198,644 |
|
|
|
455,594 |
|
|
|
542,662 |
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Bitcoin purchased(2) |
|
|
— |
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|
|
82,152 |
|
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|
46,374 |
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|
|
82,152 |
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Bitcoin sold |
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|
(48,086 |
) |
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(127,829 |
) |
|
|
(105,676 |
) |
|
|
(127,829 |
) |
Bitcoin issued for services and other non-cash consideration |
|
|
(535 |
) |
|
|
(81,360 |
) |
|
|
(48,907 |
) |
|
|
(88,263 |
) |
Bitcoin transferred to collateral account |
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|
(87,614 |
) |
|
|
(282,418 |
) |
|
|
(698,947 |
) |
|
|
(291,278 |
) |
Bitcoin received from collateral account |
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|
15,550 |
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|
|
42,279 |
|
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|
463,601 |
|
|
|
171,459 |
|
(Loss) gain on fair value of bitcoin, net |
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(116,249 |
) |
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|
268,651 |
|
|
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(587,189 |
) |
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|
359,190 |
|
Ending Balance(3) |
|
$ |
714,293 |
|
|
$ |
1,079,754 |
|
|
$ |
714,293 |
|
|
$ |
1,079,754 |
|
(1) Net of mining pool fees. (2) Excludes bitcoin purchased through settlement of put options where the initial storage location was an account used for posted collateral. (3) Includes Bitcoin - current of $592,058 and Bitcoin - noncurrent of $122,235 as presented within Condensed Consolidated Balance Sheets as of June 30, 2026.
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