v3.26.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Cash Flows from Operating Activities    
Net income (loss) $ (32,226,529) $ 295,122,702
Share-based compensation 16,219,077 44,367,409
Fair value loss (gain) on digital assets 28,126,694 (430,398,332)
Deferred income tax (benefits) expenses (12,740,357) 90,244,207
Changes in Operating Assets and Liabilities:    
Accounts receivable 99,772 1,730,253
Prepayments (80,653) (306,720)
Accounts payable 542,178 (730,000)
Director fee payable 306,367 (707,113)
Contract liability 2,850,000 3,370,542
Accrued expense and other payables (285,065) 965,983
Net cash provided by operating activities: 2,811,484 3,658,931
Cash Flow from Financing Activities    
Proceeds from stock issuance for a third party investor 156,951,460 8,030,250
Repayment of loans from third parties (1,457,726)
Net cash provided by financing activities: 155,493,734 8,030,250
Net change in cash and cash equivalents: 158,305,218 11,689,181
Cash and cash equivalents, beginning of the period 5,623,944 668,387
Cash and cash equivalents, end of the period 163,929,162 12,357,568
Supplemental disclosure of non-cash financing activities:    
Issuance of common stock to acquire digital assets 145,958,167
Advance payment for acquisition of digital assets 12,125,500
Cash paid for interest
Cash paid for income tax