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STABLECOIN | 12 Months Ended
--- | ---
Mar. 31, 2026
Disclosure Stablecoin Abstract |
STABLECOIN | NOTE 6. STABLECOIN At March 31, 2026 and 2025, the Company’s stablecoin holdings were comprised of the following (in thousands):
Schedule of stablecoin |  |  |  |
|  | March 31,
|  | 2026 |  | 2025
USDC |  | $ | — |  |  | $ | — |
USDT |  |  | 21 |  |  |  | — |
Stablecoin |  | $ | 21 |  |  | $ | — |
The following table summarizes the Company’s stablecoin purchases, contributions, uses in the course of business, and sales for the fiscal year ended March 31, 2026 (in thousands):
Schedule of stablecoin purchases |  |  |  |  |  |  |  |  |  |  |  |
|  | For the fiscal year ended
|  | March 31,
|  | 2026
|  | USDC |  | USDT |  | Total
Digital asset value as of April 1 |  | $ | — |  |  | $ | — |  |  | $ | — |
Contribution of Stablecoin |  |  | 5,411 |  |  |  | 10 |  |  |  | 5,421 |
Proceeds from sale of digital assets |  |  | — |  |  |  | 21 |  |  |  | 21 |
Stablecoin used to settle operating costs |  |  | (2,413 | ) |  |  | (311 | ) |  |  | (2,724 | )
Stablecoin sold |  |  | (2,100 | ) |  |  | — |  |  |  | (2,100 | )
Proceeds from external debt drawdown |  |  | 2,100 |  |  |  | — |  |  |  | 2,100 |
Purchases of stablecoin |  |  | — |  |  |  | 311 |  |  |  | 311 |
Stablecoin used to purchase digital assets |  |  | (2,998 | ) |  |  | (10 | ) |  |  | (3,008 | )
Stablecoin value as of March 31 |  | $ | — |  |  | $ | 21 |  |  | $ | 21 |
The Company did not hold or transact stablecoins during the fiscal year ended March 31, 2025. The Company’s stablecoins are a digital asset intended to maintain a stable value by tracking the U.S. dollar on a 1:1 basis. Stablecoins are held for use in business operations and not for the purpose of potential asset appreciation and is therefore classified as a current asset within the consolidated statements of financial position.

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