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Cryptocurrencies (Tables)
12 Months Ended
Dec. 31, 2024
Cryptocurrencies [Abstract]  
Schedule of Cryptocurrencies

The following table presents the Company’s significant cryptocurrencies holdings as of December 31, 2024:

 

Quantity

 

Cost Basis

 

Fair Value

Bitcoin 

 

361

 

256,709,226

 

242,889,018

USDT

 

9

 

67

 

67

Total cryptocurrencies held as of December 31, 2024

     

256,709,293

 

242,889,085

Schedule of Cryptocurrencies Holdings

The following table presents a roll-forward of the Company’s cryptocurrencies holdings during the year ended December 31, 2024:

 

Bitcoin Fair
Value

 

USDT Fair
Value

   

RMB

 

RMB

Cryptocurrencies at December 31, 2023

 

 

 

 

Additions of cryptocurrencies:

   

 

   

 

Purchases

 

249,257,750

 

 

 

Acquired through issuance of ordinary shares

 

7,451,476

 

 

28,842,982

 

Disposition of cryptocurrencies

 

 

 

(28,842,915

)

Unrealized loss on cryptocurrencies

 

(15,744,170

)

 

 

Foreign currency translation adjustment

 

1,923,962

 

 

 

Cryptocurrencies at December 31, 2024

 

242,889,018

 

 

67