v3.26.1
Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (104,067,549) $ (13,387,165)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation expense 3,092 1,778
Stock-based compensation 3,370,701 3,844,980
Blockchain infrastructure revenue settled in digital assets (2,080,000) (4,461,133)
DeFi revenue settled in digital assets (2,513,816)
Blockchain-based payments settled in digital assets 2,009,864 4,301,615
DeFi interest expense settled in digital assets 855,982 1,453
Blockchain network fees settled in digital assets 892 6,907
Change in fair value of warrant liabilities (59,850)
Amortization on debt discount and issuance costs 1,696,220 150,963
Realized losses on digital asset transactions 34,184,862 4,159,908
Unrealized loss on digital assets 57,104,990 5,737,661
Impairment loss on intangible digital assets 5,451,494
Changes in operating assets and liabilities:    
Stablecoins 2,978,086 36,695
Prepaid expenses and other current assets (108,371) (164,284)
Receivable for capital shares sold (156,299)
Accounts payable and accrued expenses 59,156 32,163
Accrued compensation (270,536) (3,286,074)
Accrued interest 60,974 6,621
Net cash used in operating activities (1,263,959) (3,234,061)
Cash flows from investing activities:    
Purchase of productive digital assets (10,180,570)
Proceeds from the sale of productive digital assets 1,065,207
Purchase of investments (250,000)
Purchase of property and equipment (3,446)
Sale of property and equipment 1,750
Net cash provided by (used in) investing activities (9,367,059)
Cash flows from financing activities:    
Net proceeds from issuance common stock/ At-the-market offering 4,079,085
Proceeds from issuance of convertible notes, net 7,306,000
Payments of debt issuance costs (122,554)
Net cash provided by financing activities 11,262,531
Net decrease in cash (1,263,959) (1,338,589)
Cash, beginning of period 1,526,395 1,977,778
Cash, end of period 262,436 639,189
Supplemental disclosure of cash flow information:    
Cash paid for interest 535,816 62,484
Supplemental disclosure of non-cash investing, financing and other activities:    
Series V Preferred Stock Distribution 180,688
Non-cash discount on convertible notes 504,526
Dividends distributions paid in ETH (723,218)
DeFi borrowing activity    
USDT received against ETH collateral from new DeFi borrowing 1,000,000 5,447,000
ETH swapped to USDT to fund settlement of DeFi borrowing principal 26,492,300 1,447,000
ETH swapped to USDT to fund settlement of accrued DeFi interest 855,982 1,453
Liquidity pool activity:    
ETH swapped into stablecoins for liquidity pool deployment 17,377,376
Stablecoins swapped into ETH for liquidity pool deployment (1,915,822)
Deployments of digital assets into liquidity pool positions (60,223,109)
Withdrawals of digital assets from liquidity pool positions 47,890,401
Disposition of digital assets in exchange for stablecoins $ 1,111