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Cryptocurrencies
 3 Months Ended
Oct. 31, 2025
Cryptocurrencies [Abstract]  
Cryptocurrencies
6.
Cryptocurrencies

The Company holds cryptocurrency assets and related cash balances with Bitgo Trust Company, Inc., a cryptocurrency exchange which is a South Dakota chartered trust company. These holdings are subject to collateral requirements associated with the Company’s convertible debentures issued to Helena, the proceeds of which were used to fund the Bitgo account (Note 10).

Under the terms of this financing arrangement, all cryptocurrency and cash maintained with Bitgo are restricted to secure the Helena convertible debt until the fair value of the Company’s cryptocurrency holdings exceeds US$20 million (the “Threshold Amount”). Helena also maintains first preference claim on the Company’s assets until the Threshold Amount is met. Once the Threshold Amount is achieved, only cryptocurrency holdings up to US$20 million in a segregated account remain pledged as security; however, as of October 31, 2025, the Threshold Amount had not been met, and all cryptocurrency and cash balances remained fully restricted.

Cryptocurrencies are accounted for as indefinite-lived intangible assets in accordance with ASC 350-60 and are subsequently measured at fair value, with changes in fair value recognized in earnings in accordance with ASC 350-60-35 and ASC 820. Fair value is determined using quoted prices in active markets.

Activity in cryptocurrency holdings during the three months ended October 31, 2025 was as follows (in USD):
 
 
  
Bitcoin
    
Solana
    
Total
  
Balance, August 1, 2025
  
$
-
    
$
-
    
$
-
  
Purchases
    
2,562,500
      
2,562,500
      
5,125,000
  
Staking income earned
    
-
      
14,334
      
14,334
  
Fair value loss
    
(127,172
)
    
(296,309
)
    
(423,481
)
Balance, October 31, 2025
  
$
2,435,328
    
$
2,280,525
    
$
4,715,853
  

The Company participates in staking activities for Solana. Staked Solana remains recognized as an asset of the Company because delegation to validators does not transfer control of the underlying tokens, and the criteria for derecognition under ASC 350-10-40 are not met. Staking rewards are recognized in earnings when earned and measured at fair value on the date earned. During the period, the Company earned 70.66 SOL, with a total fair value of $14,334.