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Crypto Assets (Tables)
 12 Months Ended
Dec. 31, 2024
Other Liabilities Disclosure [Abstract]  
Schedule of Crypto Assets Held

The following tables present the Company’s crypto assets held as of December 31, 2024 and 2023:

 

Asset  Tokens   Cost   Fair Market Value 
   As of December 31, 2024 
Asset  Tokens   Cost   Fair Market Value 
Ethereum (ETH)   9,060   $12,958,468   $30,198,638 
Cosmos (ATOM)   322,547    5,234,713    1,995,181 
Solana (SOL)   7,038    486,861    1,329,855 
Avalanche (AVAX)   19,085    1,168,537    678,454 
Axie Infinity (AXS)   83,546    2,065,637    517,820 
NEAR Protocol (NEAR)   86,650    199,237    424,934 
Akash (AKT)   142,090    127,448    396,659 
Kusama (KSM)   8,440    1,442,829    277,773 
Kava (KAVA)   372,126    1,104,360    164,889 
Polkadot (DOT)   9,904    147,699    65,701 
Rocket Pool (RPL)   599    6,715    6,779 
Total as of December 31, 2024       $24,942,504   $36,056,683 

 

Asset  Tokens   Cost   Fair Market Value 
   As of December 31, 2023 
Asset  Tokens   Cost   Fair Market Value 
Ethereum (ETH)   7,815   $8,862,438   $17,829,264 
Cosmos (Atom)   270,098    4,843,231    2,860,870 
Solana (SOL)   7,845    535,109    796,327 
Avalanche (Avax)   17,842    1,129,281    687,713 
Axie Infinity (AXS)   60,552    1,913,988    535,546 
Polygon (Matic)   506,010    848,606    491,138 
Oasis Network (ROSE)   2,647,629    157,541    363,571 
Kusama (KSM)   7,313    1,427,083    329,353 
Kava (KAVA)   345,394    1,089,300    301,429 
NEAR Protocol (NEAR)   80,267    162,780    293,204 
Akash (AKT)   119,071    46,156    291,574 
Cardano (ADA)   265,254    402,901    157,615 
Mina (MINA)   90,017    63,539    122,007 
Polkadot (DOT)   8,650    139,711    70,879 
Evmos (EVMOS)   345,777    97,404    43,886 
Tezos (XTZ)   26,174    73,318    26,379 
Band Protocol (BAND)   992    1,500    2,174 
Total December 31, 2023       $21,793,886   $25,202,929 
Schedule of Crypto Asset Activities

The following table presents a roll forward of the Company’s crypto asset activities for the years ended December 31, 2024 and 2023:

      
December 31, 2022 - Book Value  $7,535,913 
Opening adjustment for change in accounting principle   4,986,377 
Purchases of crypto assets   1,804,482 
Rewards earned from blockchain infrastructure operations   1,339,628 
Sales of crypto assets   (1,994,851)
Realized gains on sale of crypto assets   147,295 
Realized losses on sale of crypto assets   (751,563)
Change in unrealized appreciation (depreciation) of crypto assets   12,135,648 
December 31, 2023 - Fair Market Value  $25,202,929 
Purchases of crypto assets   3,531,550 
Rewards earned from blockchain infrastructure operations   4,073,518 
Sales of crypto assets   (901,980)
Crypto payments   (2,765,731)
Realized gains on sale of crypto assets   405,633 
Realized losses on sale of crypto assets   (1,173,008)
Change in unrealized appreciation (depreciation) of crypto assets   7,683,772 
December 31, 2024 - Fair Market Value  $36,056,683