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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash Flows from Operating Activities    
Net (loss) income $ (105,851,731) $ 193,440,425
Share-based compensation 4,172,379
Fair value loss (gain) on digital assets 126,511,123 (245,311,156)
Deferred income tax (benefits) expenses (27,294,512) 51,420,873
Changes in Operating Assets and Liabilities:    
Accounts receivable (15,228) 360,000
Prepaid expenses 508,044
Accounts payable 792,178
Amount due to related parties (40,607) (751,000)
Accrued expense and other payable (177,749) 840,858
Net cash used in operating activities: (1,396,103)
Cash Flow from Financing Activities    
Repayment of loans from third parties (1,462,471)
Net proceeds from third-party investors 156,951,460
Net cash provided by financing activities: 155,488,989
Change in Cash and Cash Equivalents: 154,092,886
Cash and Cash Equivalents, Beginning of the period 5,623,944 668,387
Cash and Cash Equivalents, End of the period 159,716,830 668,387
Supplemental Cash Flow Information:    
Issuance of common stock to acquire digital assets 145,958,167
Advance payment for acquisition digital assets 12,125,500
Cash paid for interest
Cash paid for income taxes
Supplemental disclosure of non-cash financing activities:    
Receipt of operating assets and repayment of liabilities through former executives and other third parties $ 874,269