v3.26.3
Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
 4 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue   $ 51,438,000 $ 79,950,000      
General and administrative expenses $ (151,415,000)          
Gains/(losses) from operations            
Loss on digital assets and digital asset ETPs   (1,877,339,000) (179,106,000)      
Gain on certificate liabilities   1,754,778,000 86,169,000      
Other operating gains   109,430,000 115,403,000      
Total (losses)/gains from operations   (13,131,000) 22,466,000      
Operating expenses            
Cost of revenue (excluding depreciation and amortization)   7,706,000 8,787      
Salaries and employee benefits   9,615,000 7,457      
Share-based compensation   6,089,000 (171)      
Professional fees   7,868,000 2,691      
Marketing expense   3,335,000 2,225      
Technology expense   2,545,000 2,057      
Depreciation and amortization   2,164,000 1,409      
Allowance for credit losses   (231,000) (270)      
Other general and administrative expenses   4,328,000 2,323      
Total operating expenses   43,419,000 26,508      
Operating (loss)/income   (5,112,000) 75,908,000      
Other income (expenses)            
(Loss)/gain on treasury digital assets   (15,398,000) 5,538,000      
Fair value gain/(loss) on investments   1,099,000 (689,000)      
Interest income   878,000 476,000      
Interest expense   (5,089,000) (2,976,000)      
Unrealized foreign currency gain 5,000          
(Loss)/income before income taxes   (23,622,000) 78,257,000      
Income tax expense   (313,000) (657,000)      
Net (loss)/income $ (151,410,000) (23,935,000) 77,600,000      
Other comprehensive (loss)/income            
Foreign currency translation adjustment   (238,000) 1,501,000      
Total comprehensive loss/income   $ (24,173,000) $ 79,101,000      
Loss per share, basic (in Dollars per share) $ (1,442) $ (0.19) $ 0.64      
Loss per share, diluted (in Dollars per share) $ (1,442) $ (0.19) $ 0.62      
Weighted average shares outstanding, basic (in Shares) 105 125,685,405 120,600,818      
Weighted average shares outstanding, diluted (in Shares) 105 133,270,526 126,118,077      
Net (loss)/income per share:            
Basic $ (1,442) $ (0.19) $ 0.64      
Diluted $ (1,442) $ (0.19) $ 0.62      
Weighted average of ordinary shares used to compute net income per share:            
Basic 105 125,685,405 120,600,818      
Diluted 105 133,270,526 126,118,077      
CoinShares International Limited            
Revenue       $ 165,677,000 $ 155,540,000 $ 87,711,000
Gains/(losses) from operations            
Loss on digital assets and digital asset ETPs       (982,773,000) 2,933,410,000 1,744,803,000
Gain on certificate liabilities       802,747,000 (2,910,985,000) (1,703,465,000)
Other operating gains       211,999,000 19,835,000 (28,366,000)
Total (losses)/gains from operations       31,973,000 42,260,000 12,972,000
Operating expenses            
Cost of revenue (excluding depreciation and amortization)       20,189,000 15,209,000 7,092,000
Salaries and employee benefits       19,521,000 21,737,000 13,316,000
Share-based compensation       2,839,000 12,369,000 1,261,000
Professional fees       9,870,000 4,655,000 4,497,000
Marketing expense       5,291,000 5,471,000 3,219,000
Technology expense       4,474,000 2,738,000 2,404,000
Depreciation and amortization       3,143,000 3,022,000 3,993,000
Allowance for credit losses       (1,142,000) 1,902,000
Other general and administrative expenses       6,474,000 5,686,000 3,628,000
Total operating expenses       70,659,000 72,789,000 39,410,000
Operating (loss)/income       126,991,000 125,011,000 61,273,000
Other income (expenses)            
Income from sale of FTX claim       36,816,000
(Loss)/gain on treasury digital assets       (4,685,000) 3,493,000
Fair value gain/(loss) on investments       (1,574,000) 997,000 16,002,000
Impairment of equity method investment       (74,000) (270,000)
Interest income       1,793,000 8,495,000 7,975,000
Interest expense       (7,804,000) (11,355,000) (8,510,000)
(Loss)/income before income taxes       114,721,000 163,383,000 76,470,000
Income tax expense       449,000 935,000 715,000
Net (loss)/income       114,272,000 162,448,000 75,755,000
Other comprehensive (loss)/income            
Foreign currency translation adjustment       1,713,000 4,109,000 (12,148,000)
Total comprehensive loss/income       $ 115,985,000 $ 166,557,000 $ 63,607,000
Loss per share, basic (in Dollars per share)       $ 1.74 $ 2.44 $ 1.13
Loss per share, diluted (in Dollars per share)       $ 1.74 $ 2.42 $ 1.1
Weighted average shares outstanding, basic (in Shares)       65,831,201 66,543,318 67,282,937
Weighted average shares outstanding, diluted (in Shares)       65,831,201 67,122,760 68,968,578
Net (loss)/income per share:            
Basic       $ 1.74 $ 2.44 $ 1.13
Diluted       $ 1.74 $ 2.42 $ 1.1
Weighted average of ordinary shares used to compute net income per share:            
Basic       65,831,201 66,543,318 67,282,937
Diluted       65,831,201 67,122,760 68,968,578