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Fair Value Measurements | 3 Months Ended
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Mar. 31, 2026
Fair Value Disclosures [Abstract] |
Fair Value Measurements | Note 14. Fair Value Measurements The Company’s financial instruments include cash, accounts payable, notes payable and warrant liability. Cash and warrant liability are measured at fair value. Accounts payable and notes payable are measured at amortized cost and approximates fair value due to their short duration and market rate for similar instruments, respectively. As of March 31, 2026, the following financial assets and liabilities were measured at fair value on a recurring basis presented on the Company’s condensed consolidated balance sheet: Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
|  | Fair Value Measurements Using |  |  |  |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 12,320,547 |  |  | $ | - |  |  | $ | - |  |  | $ | 12,320,547 |
USDC |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 1 |
USDT |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 1 |
Digital commodities |  |  | 118,628,818 |  |  |  | - |  |  |  | - |  |  |  | 118,628,818 |
Digital commodities, Locked SOL |  |  | - |  |  |  | 43,861,455 |  |  |  | - |  |  |  | 43,861,455 |
Total assets measured at fair value |  | $ | 130,949,367 |  |  | $ | 43,861,455 |  |  | $ | - |  |  | $ | 174,810,822 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  |  | - |  |  |  | 80,742 |  |  |  | - |  |  |  | 80,742 |
Total liabilities measured at fair value |  | $ | - |  |  | $ | 80,742 |  |  | $ | - |  |  | $ | 80,742 |
As of December 31, 2025, the following financial assets and liabilities were measured at fair value on a recurring basis presented on the Company’s condensed consolidated balance sheet:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
|  | Fair Value Measurements Using |  |  |  |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  | $ | 10,382,745 |  |  | $ | - |  |  | $ | - |  |  | $ | 10,382,745 |
USDC |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 1 |
USDT |  |  | 1 |  |  |  | - |  |  |  | - |  |  |  | 1 |
Digital commodities |  |  | 177,425,549 |  |  |  | - |  |  |  | - |  |  |  | 177,425,549 |
Digital commodities, Locked SOL |  |  | - |  |  |  | 72,685,576 |  |  |  | - |  |  |  | 72,685,576 |
Total assets measured at fair value |  | $ | 187,808,296 |  |  | $ | 72,685,576 |  |  | $ | - |  |  | $ | 260,493,872 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  |  | - |  |  |  | 97,450 |  |  |  | - |  |  |  | 97,450 |
Total liabilities measured at fair value |  | $ | - |  |  | $ | 97,450 |  |  | $ | - |  |  | $ | 97,450 |

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- Definition The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/820/tableOfContent + Details
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