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Fair value of crypto asset. Excludes crypto asset held for platform user.

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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 350
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Fair value of crypto asset subject to contractual sale restriction. Excludes crypto asset held for platform user.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
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Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
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FAIR VALUE MEASUREMENTS - Schedule of Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Thousands	Jun. 30, 2026	Mar. 31, 2026	Dec. 31, 2025
Assets:
SOL digital assets	$ 133,329
Total assets	170,619
Liabilities:
Derivative liability	4,207		$ 0
Total liabilities	4,506
OTC SOL Put option Derivative Liability
Liabilities:
Derivative liability	299
RDO Put Option Derivative Liability
Liabilities:
Derivative liability	4,207
Locked PIPE SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	18,474
SOL digital assets collateral receivable
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	2,312
Locked SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	13,991
Fund Locked SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	2,513
Level 1
Assets:
SOL digital assets	133,329
SOL digital assets, restricted, receivable, collateral receivable, investment	18,474
Total assets	151,803	$ 172,151	256,943
Liabilities:
Total liabilities	0
Level 1 \| OTC SOL Put option Derivative Liability
Liabilities:
Derivative liability	0
Level 1 \| RDO Put Option Derivative Liability
Liabilities:
Derivative liability	0
Level 1 \| Locked PIPE SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	18,474
Total assets	18,474	$ 23,564	$ 39,219
Level 1 \| SOL digital assets collateral receivable
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	0
Level 1 \| Locked SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	0
Level 1 \| Fund Locked SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	0
Level 2
Assets:
SOL digital assets	0
Total assets	18,816
Liabilities:
Total liabilities	0
Level 2 \| OTC SOL Put option Derivative Liability
Liabilities:
Derivative liability	0
Level 2 \| RDO Put Option Derivative Liability
Liabilities:
Derivative liability	0
Level 2 \| Locked PIPE SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	0
Level 2 \| SOL digital assets collateral receivable
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	2,312
Level 2 \| Locked SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	13,991
Level 2 \| Fund Locked SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	2,513
Level 3
Assets:
SOL digital assets	0
Total assets	0
Liabilities:
Total liabilities	4,506
Level 3 \| OTC SOL Put option Derivative Liability
Liabilities:
Derivative liability	299
Level 3 \| RDO Put Option Derivative Liability
Liabilities:
Derivative liability	4,207
Level 3 \| Locked PIPE SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	0
Level 3 \| SOL digital assets collateral receivable
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	0
Level 3 \| Locked SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	0
Level 3 \| Fund Locked SOL
Assets:
SOL digital assets, restricted, receivable, collateral receivable, investment	$ 0