v3.26.1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Significant Segment Expenses

The following table sets forth the Company’s significant segment expenses (in thousands):

 

Schedule of Significant Segment Expenses

   Three Months Ended    Six Months Ended   Period from June 10, 2025 (Inception) through 
   June 30, 2026    June 30, 2026   June 30, 2025 
              
Revenue  $37    $38   $- 
                 
Operating Expenses                
Payroll expenses   1,674     2,683    - 
One-time bonus   5,000     5,000    - 
Depreciation and amortization   1,210     1,249      
Other operating expenses(1)   3,420     6,624    8 
Stock-based compensation   3,723     7,263    - 
                 
Total Operating Expenses   15,027     22,819    8 
Operating Loss   (14,990)    (22,781)   (8)
Other Income (expense)               
Unrealized (loss) gain on digital assets   (49,362)   (154,829)   14,296 
Realized loss on digital assets   (2,676)   (2,676)   - 
Change in fair value of convertible notes conversion feature   109    946    - 
Realized loss on put option liability   -    (914)   - 
Gain on extinguishment of debt   -    5,933    - 
Interest and dividend income   128    871    - 
Interest expense   (760)   (1,860)   - 
Change in fair value of derivative liability   -    -    10,330 
Other (expenses) income, net   (52,561)   (152,529)   24,626 
                
Net (Loss) Income Before Taxes   (67,551)   (175,310)   24,618 
             
Income tax benefit   (2,504)   (2,504)   - 
                
Net (Loss) Income   (65,047)   (172,806)   24,618 

 

(1)Includes other operating expenses such as professional fees, insurance, rent, and utility expenses.