v3.26.1
Fair Value Measurements (Tables)
6 Months Ended
Jun. 30, 2026
Fair Value Measurements  
Schedule of assets and liabilities measured at fair value

Fair value measured at June 30, 2026

Total carrying

Quoted prices in

Significant other

Significant

value at

active markets

observable inputs

unobservable

  ​ ​ ​

June 30, 2026

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

inputs (Level 3)

Assets:

Digital assets - AVAX

$

99,989,818

$

99,989,818

$

$

USDC

 

5,405,837

 

5,405,837

 

 

Total assets

$

105,395,655

$

105,395,655

$

$

Liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

Earn out liability

$

373,333

$

$

$

373,333

Post-closing shares liability

1,000,000

1,000,000

Total liabilities

$

1,373,333

$

$

1,000,000

$

373,333

Fair value measured at December 31, 2025

Total carrying

Quoted prices in

Significant other

Significant

value at

active markets

observable inputs

unobservable

  ​ ​ ​

December 31, 2025

  ​ ​ ​

(Level 1)

  ​ ​ ​

(Level 2)

  ​ ​ ​

inputs (Level 3)

Assets:

Digital assets - AVAX

$

167,093,560

$

167,093,560

$

$

USDC

 

3,373,564

 

3,373,564

 

 

Total assets

$

170,467,124

$

170,467,124

$

$

Liabilities:

 

  ​

 

  ​

 

  ​

 

  ​

Token sale liability

$

40,010,988

$

$

40,010,988

$

Schedule of significant unobservable inputs used in the valuation

Unobservable Input

Value / Range

Expected volatility

75 - 90%

Risk-free interest rate

4.11 – 4.15%

Expected term

2.9- 4.9 years

Stock price

$0.50