v3.26.1
Fair Value Measurements (Tables)
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Financial Instruments Measured on Recurring Basis at Fair Value

Financial instruments measured, on a recurring basis, at fair value in accordance with the guidance promulgated by the FASB as of June 30, 2026 and December 31, 2025 are as follows (in thousands):

 

As of June 30, 2026  Level 1   Level 2   Level 3   Total 
FG Merger II Corp. common shares  $15,090   $–   $–   $15,090 
Forward Purchase Agreement derivative asset  $–   –   $850    850 
Financial instrument fair value  $15,090   $–   $850   $15,940 

 

As of December 31, 2025  Level 1   Level 2   Level 3   Total 
ETH digital assets  $119,384   $–   $–   $119,384 
Financial instrument fair value  $119,384   $–   $–   $119,384