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CONDENSED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues        
SUI staking revenue $ 327 $ 0 $ 850 $ 0
Digital lending interest income 36 0 106 0
Investment income 0 948 0 1,726
Total Revenues 363 948 956 1,726
Operating (Income) Expenses        
Professional fees 314 99 2,094 241
Stock-based compensation 1,947 0 3,941 0
Asset and strategic management fees 286 0 626 0
Compensation expense 445 190 896 383
Insurance 445 0 896 24
Unrealized (gain) loss on digital assets and receivable, net (2,251) 0 16,354 0
Realized loss on digital assets, net 18,910 0 53,765 0
Impairment of digital asset receivable 0 0 1,367 0
Provision for (recovery of) credit losses (81) 0 1,070 0
Net realized and unrealized gain on investments 0 (314) 0 (477)
Other general and administrative 92 27 197 47
Total Operating Expenses 20,107 2 81,206 218
Operating Income (Loss) (19,744) 946 (80,250) 1,508
Other Income (Loss)        
Investment income 151 0 825 0
Net realized and unrealized gain (loss) on investments 556 0 (10,668) 0
Other income 130 0 238 0
Total Other Income (Loss) 837 0 (9,605) 0
Income (Loss) Before Taxes (18,907) 946 (89,855) 1,508
Provision for Income Taxes 0 269 0 378
Net Income (Loss) $ (18,907) $ 677 $ (89,855) $ 1,130
Earnings per Share        
Basic $ (0.23) $ 0.11 $ (1.11) $ 0.18
Diluted $ (0.23) $ 0.11 $ (1.11) $ 0.18
Weighted-average number of common shares outstanding - basic 80,896,554 6,062,773 80,896,554 6,190,941
Weighted-average number of common shares outstanding - diluted 80,896,554 6,062,773 80,896,554 6,190,941