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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2025
Income Taxes [Abstract]  
Schedule of Effective Tax Rate

The following table reconciles the statutory rate to the Company’s effective tax rate:

 

   For the Three Months Ended
September 30,
   For the Nine Months Ended
September 30,
 
   2025   2024   2025   2024 
US Statutory income tax rates   21.0%   21.0%   21.0%   21.0%
Share-based compensation expense   (97.2)%   
    
    
 
Changes in valuation allowance   
    
    2.4%   (5.0)%
Effective Income Tax Rate   (76.2)%   21.0%   23.4%   16.0%
Schedule of Income Tax Expense

The income tax expense for domestic and foreign components’ are as follows:

 

   For the Three Months Ended
September 30,
   For the Nine Months Ended
September 30,
 
   2025   2024   2025   2024 
US  $7,303,523   $364,730   $90,244,207   $2,666,078 
Hongkong and BVI   
    
    
    
 
Total  $7,303,523   $364,730   $90,244,207   $2,666,078 
Schedule of Current and Deferred Portions of Income Tax Expense

The current and deferred portions of income tax expense included in the consolidated statements of comprehensive (loss) income are as follows:

 

   For the Three Months Ended
September 30,
   For the Nine Months Ended
September 30,
 
   2025   2024   2025   2024 
Current income tax expense  $
   $
   $
   $
 
Deferred income tax expense   7,303,523    364,730    90,244,207    2,666,078 
Total  $7,303,523   $364,730   $90,244,207   $2,666,078 
Schedule of Deferred Tax Liabilities

The principal components of deferred tax liabilities are as follows:

 

   As of
September 30,
2025
   As of
December 31,
2024
 
         
Fair value gain of Bitcoin  $98,478,710   $8,234,503 
Total deferred tax liabilities  $98,478,710   $8,234,503