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Digital Assets
 6 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Digital Assets

Note 8 - Digital Assets

 

On December 27, 2025, the Company purchased (1) 15.12 Bitcoin (BTC) at an average price of $87,686.33 per BTC, for a total amount of approximately $1,325,400 and (2) 301.10 Ethereum (ETH) at an average price of $2,934.67 per ETH, for a total amount of approximately $883,600. Pursuant to a Security and Pledge Agreement (the “Security Agreement”) by and among the Company, each of the direct and indirect Subsidiaries (as defined in the Security Agreement) of the Company (the “Guarantors”), and an entity that is an affiliate of the Convertible Note Investor, the Company granted to the Investor, for the ratable benefit of the Investor, a valid, perfected and enforceable first priority security interest in the cryptocurrency assets of the Company and the Guarantors, including without limitation all Crypto Collateral (as defined in the Security Agreement) and related assets.

 

The following table provides a roll-forward of digital assets measured at fair value on a recurring basis for the six months ended December 31, 2025: 

    
   Fair Value 
Balance as of June 30, 2025  $– 
Purchase of BTC   1,325,400 
Purchase of ETH   883,600 
Sales of BTC   – 
Sales of ETH   – 
Change in fair value of BTC   (4,017)
Change in fair value of ETH   9,776 
Balance as of December 31, 2025  $2,214,759 

 

During the three and six months ended December 31, 2025, the Company recognized a net unrealized gain of $5,759 on its digital asset holdings, consisting of an unrealized loss of $4,017 related to BTC and an unrealized gain of $9,776 related to ETH.

 

Digital assets consisted of the following at December 31, 2025: 

    
   December 31, 2025 
Digital assets held:  Units   Cost Basis   Fair Value 
BTC   15.12   $1,325,400   $1,321,383 
ETH   301.10    883,600    893,376 
        $2,209,000   $2,214,759