v3.26.3
Digital Assets (Tables)
6 Months Ended
Jun. 30, 2026
Digital Assets [Abstract]  
Schedule of Digital Assets Holdings

The following table presents the Company’s digital assets holdings (in thousands, except units) as of June 30, 2026 and December 31, 2025.

 

    June 30, 2026     December 31, 2025  
    Units     Historical Cost     Carrying Value     Units     Historical Cost     Carrying Value  
SOL     868,020     $ 169,669     $ 63,850       787,331     $ 157,002     $ 97,968  
SOL, restricted     394,217       74,675       27,051       153,155       32,052       13,476  
Total digital assets     1,262,237     $ 244,344     $ 90,901       940,486     $ 189,054     $ 111,444  
Schedule of Digital Assets Reconciliation of Cost Less Accumulated Impairment

The following table presents a reconciliation of our SOL activity measured at cost less accumulated impairment for the six months ended June 30, 2026 and for the year ended December 31, 2025:

 

    June 30,     December 31,  
    2026     2025  
SOL carrying value, beginning   $ 111,444     $ -  
In-kind receipts from investments     -       37,320  
Reclassification of prepayment to digital assets     50,000       -  
Purchases of SOL     2,200       150,001  
Staking rewards     3,091       1,734  
Impairment of SOL     (75,834 )     (77,611 )
SOL carrying value, ending   $ 90,901     $ 111,444  
Schedule of Future Purchase

As of June 30, 2026, the Company held $800 of USDC for the purpose of funding future purchases of SOL. As of December 31, 2025, the Company’s USDC balance was immaterial.

 

    June 30, 2026  
    Units     Historical Cost     Carrying
Value
 
USDC     799,300     $ 800     $ 799