v3.26.3
Other Operating Gains/( Losses) - Schedule of Other Operating Gains/(Losses) (Details) - USD ($)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Schedule of Other Operating Gains/(Losses) [Line Items]          
(Loss)/gain on digital asset payables/receivables $ (42,101) $ 10,287      
Gain on derivatives [1] 82,677 1,202      
Gain of foreign exchange 6,060 30,474      
Gain on other operating activities 62,794 73,440      
Total other operating gains $ 109,430 $ 115,403      
Coinshares International Limited [Member]          
Schedule of Other Operating Gains/(Losses) [Line Items]          
(Loss)/gain on digital asset payables/receivables     $ 48,533,000 $ 160,886,000 $ 51,363,000
Gain on derivatives     152,183,000 (148,689,000) (83,826,000)
Gain of foreign exchange     11,529,000 6,942,000 3,935,000
Gain on other operating activities     (246,000) 696,000 162,000
Total other operating gains     $ 211,999,000 $ 19,835,000 $ (28,366,000)
[1] The Group holds perpetual and futures derivative contracts both referencing and settled in digital assets, for the purpose of hedging its liability to holders of the XBT certificate liabilities. Gains on these derivatives increased from $1,202 for the period ended 30 June 2025 to $82,677 for the period ended 30 June 2026. The size of gains on derivatives fluctuates based on the Group’s operational needs and prevailing market conditions.