XML 40 R24.htm IDEA: XBRL DOCUMENT v3.25.2
Digital Asset Holdings (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Units Held, Cost Basis, and Fair Value of Assets Held

The following table sets forth the units held, cost basis, and fair value of crypto assets held, as shown on the consolidated balance sheet as of June 30, 2025:

 

   Units   Cost Basis   Fair Value 
Balance, June 30, 2025               
ETH   24,704   $63,899,229   $61,462,203 
Total   24,704   $63,899,229   $61,462,203 
Schedule of Reconciliation of Crypto Assets

The following table represents a reconciliation of crypto assets held:

 

   For the Three and
Six Months Ended
June 30, 2025
 
     
Fair Value, December 31, 2024 

$

- 
Fair Value, March 31, 2025   - 
Additions   529,214,163 
Deposits of ETH into liquid staking activities   (465,343,468)
Receipt and accrual of ETH from native staking activities   28,534 
Unrealized loss   (2,437,026)
Fair Value, June 30, 2025 

$

61,462,203 
Schedule of Impairment Amount and, and Carrying Amount of Digital Assets Held

The following table sets forth the cost basis, impairment amount, and carrying amount of digital assets held, as shown on the consolidated balance sheet as of June 30, 2025:

 

   Units   Cost   Impairment   Net 
                 
LsETH   164,731   $470,235,927   $(87,813,295)  $382,422,632 
Total       $470,235,927   $(87,813,295)  $382,422,632