Quarterly report [Sections 13 or 15(d)]

DIGITAL ASSETS (Tables)

v3.26.1
DIGITAL ASSETS (Tables)
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
SCHEDULE OF UNITS HELD, COST BASIS, AND FAIR VALUE

The following table presents the units held, cost basis, and fair value of native BERA and BERA-equivalent tokens (sWBERA, siBERA, and iBERA), as of June 30, 2026 and December 31, 2025, respectively, in thousands except for tokens: 

 

Period   BERA-Equivalent Tokens    

Cost Basis

(USD)

    

Fair Value

(USD)

  
June 30, 2026     81,342,311     $ 70,223     $ 16,442  
December 31, 2025     51,659,913     $ 58,262     $ 36,555  
SCHEDULE OF CRYPTOCURRENCY ACTIVITIES
    Digital Assets  
Balance as of December 31, 2025   $ 36,555  
Staking revenue     668  
Digital assets acquired from October 2025 PIPE     59,539  
Purchases of BERA and BERA-equivalent digital assets     11,293  
Change in fair value     (32,011 )
Transaction fees, net     (63 )
Balance at June 30, 2026   $ 16,442  

 

    Digital Assets  
Balance as of December 31, 2024   $ —  
Digital assets acquired from October 2025 PIPE     59,539  
Purchases of BERA and BERA-equivalent digital assets     8,163  
Change in fair value     (31,147 )
Balance at December 31, 2025   $ 36,555  
SCHEDULE OF RESTRICTED AND UNRESTRICTED BERA-EQUIVALENT HOLDINGS

    As of June 30, 2026     As of December 31, 2025  
    BERA-Equivalent Tokens     USD     BERA-Equivalent Tokens     USD  
Restricted Tokens     34,242,942     $ 6,922       —     $ —  
Unrestricted Tokens     47,099,369       9,520       51,659,913       36,555  
Total intangible digital assets     81,342,311     $ 16,442       51,659,913     $ 36,555