v3.26.1
Income Taxes
 6 Months Ended
Jun. 30, 2026
Income Tax Disclosure [Abstract]  
Income Taxes

Note 6 – Income Taxes

 

The following table presents the income tax provision (benefit) and effective tax rate:

 

   Three Months Ended June 30, 
   2026   2025 
Income tax provision (benefit)   (6,672,175)   - 
Effective tax rate   27.0%   - 

 

   Six Months Ended June 30, 
   2026   2025 
Income tax provision (benefit)   (10,892,415)   - 
Effective tax rate   14.6%   - 

 

The effective tax rate reflects a full valuation allowance against net deferred tax assets, including tax loss carryforwards. The Company has recognized a deferred tax provision (benefit) in connection with unrealized gains or losses on Digital Assets.