v3.26.3
Derivatives (Tables) - Coinshares International Limited [Member]
12 Months Ended
Dec. 31, 2025
Derivatives (Tables) [Line Items]  
Schedule of Information Derivative Instruments

The following table summarizes information on derivative instruments by their location in the Consolidated Balance Sheets:

 

Derivative Assets

 

Derivative Liabilities

 

Consolidated
Balance Sheets Location

 

Fair Value

 

Consolidated
Balance Sheets Location

 

Fair value

Instrument:

 

December 31, 2025

Digital asset perpetuals and futures (DA settled)

 

Digital asset receivables

 

$

30,124

 

Digital asset payables

 

$

9

Digital asset futures (cash settled)

 

Prepaids and other current assets

 

 

395

     

 

OTC liabilities

     

 

 

Digital asset payables

 

 

13,291

CS Physical Certificate Liabilities

     

 

 

CS Physical Certificate Liabilities

 

 

2,041,154

XBT CS Physical Certificate Liabilities

     

 

 

XBT CS Physical Certificate Liabilities

 

 

1,279

Solana seed

     

 

 

Digital asset payables

 

 

155,074

Total

     

$

30,519

     

$

2,210,807

       

 

       

 

 
   

December 31, 2024

Digital asset perpetuals and futures (DA settled)

 

Digital asset receivables

 

$

2,129

 

Digital asset payables

 

$

509

Digital asset futures (cash settled)

     

 

 

Trade and other payables

 

 

361

OTC liabilities

     

 

 

Digital asset payables

 

 

16,988

CS Physical Certificate Liabilities

     

 

 

CS Physical Certificate Liabilities

 

 

1,453,943

Solana seed

     

 

 

Digital asset payables

 

 

224,208

Total

     

$

2,129

     

$

1,696,009

Schedule of Gain/(losses) on Derivative Instruments

The impacts of gains/(losses) on derivative instruments recognized in the Consolidated Statements of Operations and Comprehensive Income were as follows:

 

Consolidated Statements of Operations
and Comprehensive Income Location

 

For the years ended December 31,

Instrument:

 

2025

 

2024

 

2023

Digital asset perpetuals and futures (DA settled)

 

Other operating gains/(losses)

 

$

62,506

 

 

$

18,689

 

 

$

4,026

 

Cash-settled derivatives

 

Other operating gains/(losses)

 

 

(11,937

)

 

 

(54,473

)

 

 

21,294

 

OTC liabilities

 

Other operating gains/(losses)

 

 

6,030

 

 

 

(5,082

)

 

 

(11,459

)

CS Physical Certificate Liabilities and XBT CS Physical
Certificate Liabilities

 

Gain/(loss) on certificate liabilities

 

 

635,929

 

 

 

(708,451

)

 

 

(224,824

)

Solana seed

 

Other operating gains/(losses)

 

 

95,644

 

 

 

(107,823

)

 

 

(97,687

)

Total

     

$

788,172

 

 

$

(857,140

)

 

$

(308,650

)