v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Current Assets    
Cash $ 12,071,008 $ 10,382,745
Prepaid expenses – related party 1,666,667 6,666,667
Prepaid expenses and other current assets 983,206 475,869
Inventories, net 173,481 645,268
Total Current Assets 15,531,383 18,882,511
Digital commodities, at fair value 144,282,193 250,111,125
Fixed assets, net 47,774 81,167
Right of use assets 286,006
Other assets 203,219 370
Total Assets 160,350,575 269,075,173
Current Liabilities    
Accounts payable 1,086,540 590,692
Accrued expenses and other 1,631,685 921,954
Margin loan 3,084,931
Warrant liability 49,531 97,450
Current portion of right of use liabilities 135,685
Total Current Liabilities 2,903,441 4,695,027
Right of use liabilities 166,999
Total Liabilities 3,070,440 4,695,027
Commitments and Contingencies
Stockholders’ Equity:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; 0 shares issued and outstanding (2025: 0)
Common stock, $0.0001 par value; 500,000,000 shares authorized; 44,196,175 issued, 42,982,506 outstanding at June 30, 2026 and 28,995,403 issued and outstanding at December 31, 2025 4,419 2,899
Additional paid-in capital 585,754,651 581,324,579
Treasury stock, at cost, 1,213,669 and 0 shares, respectively at June 30, 2026 and December 31, 2025 (2,011,573)
Accumulated deficit (426,467,362) (316,947,332)
Total Stockholders’ Equity 157,280,135 264,380,146
Total Liabilities and Stockholders’ Equity 160,350,575 269,075,173
Product Trade [Member]    
Current Assets    
Accounts receivable 396,900 204,120
Digital Currency [Member]    
Current Assets    
Accounts receivable $ 240,121 $ 507,842