Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 37,241,568	$ 12,007,148
Prepaid expenses and other current assets	3,274,069	197,383
Current assets held for sale	700,997	5,181,535
Total current assets	41,216,634	17,386,066
Digital assets	523,353,752	501,760,369
Total assets	564,570,386	519,146,435
Current liabilities
Accounts payable	916,244	521,201
Accrued expenses	983,715	506,460
Current liabilities held for sale	726,039	2,258,703
Total current liabilities	2,625,998	3,286,364
Deferred tax liability	107,041,776	117,934,191
Total liabilities	109,667,774	121,220,555
Commitments and contingencies (see Note 7)
Stockholders’ equity
Preferred stock, $0.0001 par value, 10,000,000 shares authorized, no shares issued and outstanding as of June 30, 2026 and December 31, 2025
Common stock, $0.0001 par value, 1,000,000,000 shares authorized as of June 30, 2026 and December 31 2025, 77,273,206 shares and 37,112,466 shares issued and 77,272,960 shares and 37,112,220 shares outstanding as of June 30, 2026 and December 31 2025, respectively	7,727	3,711
Additional paid-in capital	594,380,217	470,809,478
Accumulated deficit	(139,415,367)	(72,817,344)
Treasury stock, at cost, 246 shares held in treasury as of June 30, 2026 and December 31, 2025	(69,965)	(69,965)
Total stockholders’ equity	454,902,612	397,925,880
Total liabilities and stockholders’ equity	$ 564,570,386	$ 519,146,435

Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

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- Definition

Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).