The following table summarizes the intangible digital assets ($DATA tokens, $APL Tokens, $ARIAIP Tokens, and USDC) held by the Company as of June 30, 2026 and December 31, 2025:


	As of June 30, 2026
	Units	Cost Basis		Fair Value
$DATA Tokens (a) (b)	45,819,670	$	119,081,046	$	13,539,712
APL Tokens	13,889	$	10,000	$	—
ARIAIP Tokens	125,000	$	10,000	$	3,368
USDC	397	$	397	$	397
Total	45,958,956	$	119,101,443	$	13,543,477
Less: Amount Classified as Digital Assets Receivable	2,456,010	$	12,883,365	$	(725,752)
Total Intangible Digital Assets	48,414,966	$	131,984,808	$	12,817,725


	As of December 31, 2025
	Units	Cost Basis		Fair Value
$DATA Tokens (c)	53,339,862	$	209,261,236	$	91,691,223
APL Tokens	13,889	10,000		2
ARIAIP Tokens	125,000	10,000		9,978
Total	53,478,751	$	209,281,236	$	91,701,203

(a) As of June 30, 2026, the total $DATA tokens held are comprised of: 10.0 million tokens are programmatically restricted under the layer 1 protocol through August 2028; 3.0 million tokens are available for the Covered Call Program; and the remaining 32.8 million tokens are contractually restricted through August 15, 2027.

(c) Of the 53.3 million $DATA tokens, 6,176,470.588 $DATA tokens were acquired in conjunction with the PIPE for a total price of $21,000,000 with a 12 month restriction on transfer or sale.

There were no Token Treasury Segment activities prior to August 15, 2025. The following table represents a reconciliation of the fair values of the Company’s intangible digital assets:


Intangible Digital Assets	Fair Value
	$DATA Tokens		All Other
Balance - December 31, 2024	$	—	$	—
Additions (a)
PIPE Offering	128,819,949		—
Purchases	80,000,034		20,000
Staking Rewards	4,951,565		—
Dispositions
Sale of Staking Rewards	(2,890,396)		—
Sale of Purchased Intangible Digital Assets	(1,000,000)		—
Change in Fair Value of Intangible Digital Assets (b)	(118,189,929)		(10,020)
Balance -December 31, 2025	$	91,691,223	$	9,980
Additions (a)
Purchases	—		—
Staking Rewards	1,603,195		—
Dispositions	(3,629,664)		—
Reclassification of Covered Calls to Current Assets	(725,752)		—
Loss on Sale of Intangible Digital Assets	(30,529,901)		—
Change in Fair Value of Intangible Digital Assets (b)	(45,595,141)		(6,612)
Ending Balance - June 30, 2026	$	12,813,960	$	3,368

(a) Additions represent initial consideration received in 2025 as part of the August 15, 2026 PIPE offering, and purchases of, and staking rewards earned on, crypto assets held for investment. As of June 30, 2026 Per the Omnibus Amendment dated March 6, 2026, a total of 10.0 million tokens were restricted through August 2028; 3.0 million tokens are available for the Covered Call Program; and the remaining 32.8 million tokens were restricted and such restriction would not be lifted until after August 15, 2027. However, under the Company’s Covered Call Program, in the event $DATA tokens in that program are

liquidated per a specific covered call contract, the Company reserves the right to unstake long term locked $DATA tokens equal to that same number of liquidated $DATA tokens to reload for future covered calls such that up a total of 3 million $DATA tokens would be available for its Covered Call Program at any one time.

(b) The Company measures gains and losses by each asset held. These include cumulative realized losses of $27,466,760 and $0 and realized gains of $0 and $0 for the three months ended June 30, 2026 and 2025, respectively; and realized losses of $30,531,663 and $0 and realized gains of $1,762 and $0 or the six months ended June 30, 2026 and 2025, respectively.