v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 4 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2026
Cash flows from Operating Activities:    
Net loss $ (407,382) $ (1,273,231,231)
Adjustments to reconcile net loss to net cash used in operating activities:Adjustments to reconcile net loss to net cash used in operating activities:    
Gain on disposal of digital assets (3,180)
Change in fair value of digital assets 1,249,295,396
Amortization of debt issuance cost 217,125
Non-cash interest expense 2,423,429
Amortization of Cantor prepaid 2,584,932
Stock-based compensation 12,143,367
Changes in current assets and current liabilities:    
Prepaid expenses and other current assets (1,011,445)
Digital assets 87,315
Accounts payable and accrued expenses 407,382 (4,076,557)
Net cash used in operating activities (11,570,849)
Cash flows from Financing Activities:    
Proceeds received from contributed capital 200,000
Net cash provided by financing activities 200,000
Net change in cash 200,000 (11,570,849)
Cash, beginning of the period 117,702,933
Cash, end of the period 200,000 106,132,084
Supplemental cashflow information:    
Interest paid 2,527,097
Taxes paid