For the three and six months ended June 30, 2026, the Company held a minority membership interest of approximately 1% in Digital Asset Fund Investment, which represents the Company’s pro rata entitlement to receive distributions of SOL as the underlying assets unlock in accordance with predetermined contractual lock-up schedules. The underlying SOL held by the fund is staked through protocol-based mechanisms, and the Company is entitled to receive its pro rata share of protocol-generated staking rewards attributable to each tranche of SOL as such tranche unlocks. Other than the distributions as the underlying SOL unlocks, our investment in the Digital Asset Fund Investment is not redeemable.

The underlying restricted SOL for the Digital Asset Fund Investment unlock on a monthly basis in relatively even intervals and amounts through January 2028. The following table presents the expected fund distribution of the Company’s pro rata share of the Digital Asset Fund Investment by calendar year as of June 30, 2026:

The following table presents a roll-forward of Digital Asset Fund Investment fair value for the three and six months ended June 30, 2026 (in thousands):


	Digital Asset Fund Investment
Fair Value as of December 31, 2025	$	5,617
Unrestricted SOL distributed	(617)
Net change in fair value	(1,696)
Fair value as of March 31, 2026	$	3,304
Unrestricted SOL distributed	(496)
Net change in fair value	(295)
Fair value as of June 30, 2026	$	2,513