v3.26.1
Fair Value Measurements
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurements

Note – 7 Fair Value Measurements

 

The Company measures certain assets and liabilities at fair value. The Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability (i.e., an ‘exit price’) in the principal or most advantageous market in an orderly transaction between market participants at the measurement date.

 

Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:

 

Level 1 – Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities that are accessible at the measurement date.

 

Level 2 – Valuations based on observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

 

Level 3 – Valuations based on inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability.

 

The Company’s digital assets measured at fair value, which include assets held in treasury, deployed in DeFi protocols, and staked in validator operations, are accounted for in accordance with ASC 350-60. Our TRX tokens are valued using quoted prices in active markets for the underlying tokens, primarily on major digital-asset exchanges which represent Level 1 inputs within the fair-value hierarchy and our sTRX (staked TRX tokens) are valued by means of a derived price using a combination of observable inputs including quoted prices from active markets and verifiable on-chain data and exchanges rates which represent Level 2 inputs within the fair-value hierarchy.

 

The following tables present the Company’s digital assets that are measured at fair value on a recurring basis and the Company’s estimated level within the fair value hierarchy of those assets as of June 30, 2026, and December 31, 2025. Private equity investments accounted for under the ASC 321 measurement alternative are not measured at fair value on a recurring basis and are presented separately below.

Schedule of Fair Value Measurements on Recurring Basis

                 
   Fair Value 
June 30, 2026  Balance   Quoted Prices in Active Markets
(Level 1)		   Significant Observable Inputs
Level (2)		   Significant Unobservable Inputs
Level (2)		 
                 
TRX tokens  $4,051,937   $4,051,937   $-   $- 
sTRX tokens   229,732,973    -    229,732,973    - 
Total  $233,784,910   $4,051,937   $229,732,973   $- 
                                   
December 31, 2025                
                  
TRX tokens  $7   $7   $-   $- 
sTRX tokens   198,078,148    -    198,078,148    - 
Total  $198,078,155   $7   $198,078,148   $-