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| Digital Assets | Note 4 – Digital Assets
The Company holds its digital assets primarily with FalconX, a third-party custodial platform, in accounts maintained in the name of its wholly owned subsidiary, Bonk Holdings, LLC.
Digital asset revenues are generated through on-chain activity and are programmatically distributed to wallets designated for the Company’s benefit. In certain instances, due to technical limitations of the custodial platform, digital assets were temporarily routed through an intermediary wallet prior to transfer to the Company’s custodial accounts. These intermediary wallets function solely as pass-through mechanisms to facilitate settlement. For a short period during the year ended December 31, 2025, the Company used an intermediary wallet to hold its digital assets while transitioning the treasury asset account from a trading account to a custody account. As of December 31, 2025, the custody account, which is under full control of the Company, has been created and all of the digital assets which were held within the intermediary accounts have been transferred from the intermediary account to the Company custody account.
Access to the Company’s custodial accounts is controlled by the Company through a multi-signature authorization framework requiring approval from multiple members of management. The Company retains beneficial ownership of all digital assets throughout the transaction lifecycle.
The following table provides a roll-forward of digital assets measured at fair value on a recurring basis for the six months ended June 30, 2026 from year ended December 31, 2025:
During the six months ended June 30, 2026, and ended June 30, 2025, the Company recognized an unrealized loss from remeasurement of digital assets of $8,167,423 and $0 respectively.
The following table presents the Company’s Digital Asset holdings as of June 30, 2026, and December 31, 2025:
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