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Income Tax Expenses (Tables) | 3 Months Ended
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Mar. 31, 2026
Income Tax Expenses [Abstract] |
Schedule of Current and Deferred Portions of Income Tax Expense | The current and deferred portions of income tax expense included in the consolidated statements of comprehensive loss are as follows:
|  | For the Three Months ended March 31, |
|  | 2026 |  |  | 2025 |
Current income tax expense |  | $ | - |  |  | $ | - |
Deferred income tax (benefit) expense |  |  | (27,294,512 | ) |  |  | 51,420,873 |
Total |  | $ | (27,294,512 | ) |  | $ | 51,420,873 |
Schedule of (Loss) Income before Income Tax | The (loss) income before income tax for domestic and foreign component’s were as follows:
|  | For the Three Months ended March 31, |
|  | 2026 |  |  | 2025 |
US |  | $ | (133,146,243 | ) |  | $ | 244,861,298 |
Hongkong and BVI |  |  | - |  |  |  | - |
Total |  | $ | (133,146,243 | ) |  | $ | 244,861,298 |
Schedule of Effective Tax Rate | The following table reconciles the statutory rate to the Company’s effective tax rate.
|  | For the Three Months ended March 31, |
|  | 2026 |  |  | 2025 |
US Statutory income tax rates |  |  | 21.0 | % |  |  | 21.0 | %
Share-based compensation expense |  |  | (0.5 | )% |  |  | - | %
Effective income tax rate |  |  | 20.5 | % |  |  | 21.0 | %
Schedule of Components of Deferred Tax Assets and Deferred Tax Liabilities | The principal components of deferred tax assets and deferred tax liabilities are as follows:
|  | As of March 31, 2026 |  |  | As of December 31, 2025 |
Deferred tax liabilities |  |  |  |  |  |
Fair value gain of Bitcoin |  | $ | 43,379,426 |  |  | $ | 69,946,762 |
Less: Net operating loss carry forward |  |  | (6,057,596 | ) |  |  | (5,330,420 | )
Total deferred tax liabilities |  | $ | 37,321,830 |  |  | $ | 64,616,342 |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
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