Intangible assets |
9 Months Ended | ||||||||||
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Jun. 30, 2026 | |||||||||||
| Intangible Asset, Goodwill and Other [Abstract] | |||||||||||
| Intangible assets | Note 9 – Intangible assets
Intangible assets consisted of the following (in thousands):
On June 16, 2026, the Company acquired developed technology for total consideration of $80.0 million, as described in Note 2 – Asset acquisition. The developed technology was recorded at its fair value on the acquisition date.
The developed technology represents EMJX’s proprietary AI-driven digital asset treasury operating system, designed to manage multi-asset digital holdings using quantitative models, artificial intelligence, and systematic risk controls. The Company determined that the developed technology has an indefinite useful life, based on the absence of an expiring license, patent, or other contractual term underlying the technology’s value, the Company’s intent and ability to continue developing, retraining, and enhancing the technology, and the absence of an identifiable technological obsolescence horizon.
No impairment was identified as of June 30, 2026.
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