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FAIR VALUE MEASUREMENTS
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS
Fair Value Hierarchy: The fair value hierarchy is used to prioritize the fair value methodologies and valuation techniques as well as the inputs to the valuation techniques used to measure fair value for assets and liabilities carried at fair value on the Consolidated Balance Sheets. The fair value hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). An entity must disclose the level within the fair value hierarchy in which the measurements are classified for all assets and liabilities measured on a recurring or nonrecurring basis.
The Company’s assets and liabilities measured at fair value on a recurring basis consist of digital assets, a money market account, and derivative assets and liabilities.

In determining the fair value of its digital assets, the Company is able to cite quoted prices as determined by the Company’s principal market. As such, the Company’s digital assets and digital asset - receivables, net which consist of Bitcoin, and USDC, were determined to be Level 1 assets.

In estimating the fair value of its derivative assets and derivative liabilities, the Company uses a market approach, which uses prices and other relevant information generated by market transactions involving identical or comparable assets or liabilities found on derivative exchanges. The Company determined that the derivative assets and liabilities are Level 2. Determining which category an asset or liability falls within the hierarchy requires significant judgment.

The following tables present the Company's assets and liabilities measured at fair value on a recurring basis, by level within the fair value hierarchy:

Assets Measured at Fair Value at June 30, 2026
Level 1Level 2Level 3Netting and CollateralTotal
Digital assets$58,113,455 $— $— $— $58,113,455 
Money market account2,008,493 — — — 2,008,493 
Derivative assets and digital assets receivable, net190,306 57,799 — — 248,105 
Total$60,312,254 $57,799 $— $— $60,370,053 
Assets Measured at Fair Value as of December 31, 2025
Level 1Level 2Level 3Netting and CollateralTotal
Digital assets$86,637,784 $— $— $— $86,637,784 
Money market account3,337,342 — — — 3,337,342 
Derivative assets and digital assets receivable, net2,348,695 61,348 — — 2,410,043 
Total$92,323,821 $61,348 $— $— $92,385,169 
Liabilities Measured at Fair Value as of June 30, 2026
Level 1Level 2Level 3Netting and CollateralTotal
Derivative liabilities$— $152,798 $— $— $152,798 
Total$— $152,798 $— $— $152,798 
Liabilities Measured at Fair Value as of December 31, 2025
Level 1Level 2Level 3Netting and CollateralTotal
Derivative liabilities$— $509,022 $— $— $509,022 
Total$— $509,022 $— $— $509,022 

There were no transfers in or out of Level 3 or between levels during the three and six months ended June 30, 2026, or 2025.