DIGITAL ASSETS

12 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

DIGITAL ASSETS

5. DIGITAL ASSETS

Digital assets consist of the following at December 31, 2025:

	December 31, 2025
	Quantity		Fair Value (USD)
Worldcoin/Worldchain (WLD) – Level 1		277,222,975	$	133,080,890
Ethereum (ETH) – Level 1		11,068		32,838,381
Stablecoins (USDC, USDT) – Level 1		9,982,374		9,982,374
Total digital assets, at fair value			$	175,901,645

The Company’s digital assets are held with third-party custodians and institutional trading counterparties. These arrangements expose the Company to counterparty, concentration, and safeguarding risks, including technological, operational, and cybersecurity risks. The Company does not hold digital assets on behalf of third parties.

The changes in the carrying amount of digital assets for the period from January 1, 2025 through December 31, 2025 consist of the following:

	For the Year ended December 31, 2025
Beginning balance, December 31, 2024	$	-
Purchases of digital assets		378,201,567
Realized/unrealized gains (losses)		(202,299,922	)
Sales of digital assets		-
	$	175,901,645

The following table presents the Company’s digital asset holdings by token, including cost basis, fair value, and unrealized gains (losses) as of December 31, 2025. Unrealized gains (losses) represent the difference between the original cost basis and the fair value of each token as of the balance sheet date, based on the closing market price of each respective digital asset:

	Cost Basis		Fair Value		Unrealized Gain (Loss)
Token:
WLD	$	320,719,180	$	133,080,890	$	(187,638,290	)
ETH		47,500,013		32,838,381		(14,661,632	)
USDC		9,982,374		9,982,374		-
Total		378,201,567		175,901,645		(202,299,922	)