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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net income (loss) $ (76,135,904) $ (2,548,725)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization – continuing operations 5,102 574,672
Depreciation and amortization – discontinued operations 37,992
Amortization of debt issuance costs 250,000
Share-based compensation 5,141,071
Change in fair value of digital assets 66,501,874
Gain on disposal (6,019)
Losses on disposal 70  
Changes in assets and liabilities:    
Accounts receivable (34,254) 978,029
Inventories 325,798 1,852,604
Prepaid expenses and other current assets 706,642 254,118
Accounts payable 48,801 (450,667)
Accrued expenses and other current liabilities (1,244,749) 180,856
Discontinued operations (129,055)
Net cash provided by (used in) operating activities (4,691,568) 999,824
Cash flows from investing activities:    
Purchases of property and equipment – continuing operations (157)
Purchases of digital assets (65,910,119)
Purchases of short-term investments (225,439,152)
Purchase of other investments (110,599,952)  
Proceeds from sale of short-term investments 192,902,626  
Repayment of principal under loans held-for-investment 37,646
Purchases of property and equipment – discontinued operations (44,490)
Net cash used in investing activities (209,008,951) (44,647)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 165,360,897
Prepayment for share repurchase (1,000,000)
Net (repayments) borrowings under line of credit (1,615,000) (600,000)
Net cash provided by (used in) financing activities 162,745,897 (759,937)
Net decrease in cash and cash equivalents (50,954,622) 195,240
Cash and cash equivalents, beginning of the period 58,501,108 239,187
Cash and cash equivalents, end of the period 7,546,486 434,427
Supplemental disclosure of cash flow information:    
Cash paid for interest 199,629 375,637
Cash paid for income taxes
Accrued offering costs 3,140,372
Issuance of common stock to vendors for settlement of liabilities $ 143,201