XML 32 R21.htm IDEA: XBRL DOCUMENT v3.25.3
Description of Organization, Business Operations and Basis of Presentation (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Aug. 28, 2025
Aug. 25, 2025
Aug. 07, 2025
Jul. 16, 2025
Jan. 08, 2025
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
May 21, 2024
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Gross proceeds         $ 200,000,000     $ 200,000,000    
Net proceeds from private placement               $ 5,000,000    
Number of preferred stock (in Shares)                
Preferred stock per share (in Dollars per share)           $ 0.0001   $ 0.0001   $ 0.0001  
Exchange of bitcoin $ 20                    
Amount of bitcoin   $ 1                  
Cash           $ 25,000   $ 25,000    
Working capital deficit               417,000   299,000  
Interest income on investments held in the trust account           $ 2,149,334 $ 5,465,011  
Pubco [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Principal amount       $ 320,000,000              
July Convertible Notes Subscription Agreements [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Convertible preferred stock     $ 223,620,000                
Purchase price     $ 190,080,000                
Preferred Stock [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Number of preferred stock (in Shares)     2,236,000                
Preferred stock per share (in Dollars per share)     $ 85                
First Convertible Notes Option [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Principal amount       125,000,000              
First Convertible Notes Option [Member] | July Convertible Notes Subscription Agreements [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Principal amount       34,870,000              
Second Convertible Notes Option [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Principal amount       125,000,000              
Second Convertible Notes Option [Member] | July Convertible Notes Subscription Agreements [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Principal amount       $ 9,323,000              
August Convertible Notes Investors [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Principal amount     $ 30,500,000                
Number of preferred stock (in Shares)   482,924                  
Convertible preferred stock   $ 48,300,000                  
Preferred stock per share (in Dollars per share)   $ 85                  
Purchase price   $ 41,050,000                  
Convertible Notes [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Principal amount     $ 574,693,000                
Business Combination [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Outstanding voting securities percentage           50.00%   50.00%      
Business Combination [Member] | Trust Account [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Fair market value percentage           80.00%   80.00%      
CEPO Cash Equity PIPE Shares [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Price per price (in Dollars per share)   $ 10                  
Purchase price   $ 400,000,000                  
July CEPO BTC PIPE [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Price per price (in Dollars per share)   $ 10                  
August CEPO BTC Equity PIPE [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Price per price (in Dollars per share) $ 10                    
Sponsor [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Price per price (in Dollars per share)         $ 10            
Public share redemption price. (in Dollars per share)           $ 10.15   $ 10.15      
Redeemed share price (in Dollars per share)               0.15      
Reduction amount of funds in trust account (in Dollars per share)           $ 10.15   $ 10.15      
Cash           $ 25,000   $ 25,000      
Loan amount drawn               134,000      
Loan amount           $ 330,000   $ 330,000   $ 0  
Common Class A [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Common stock par value (in Dollars per share)           $ 0.0001   $ 0.0001   $ 0.0001  
Price per price (in Dollars per share)       $ 0.01              
Public share redemption price. (in Dollars per share)           $ 12   $ 12      
Number of share (in Shares)       1              
Number of ordinary shares (in Shares)           500,000   500,000   500,000  
Common Class A [Member] | CEPO Cash Equity PIPE Shares [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Number of ordinary shares (in Shares)   40,000,000                  
Common Class A [Member] | CEPO BTC Equity PIPE Investors [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Price per price (in Dollars per share)           $ 10   $ 10      
Exchange of bitcoin               $ 4,176.11      
Class B Ordinary Shares                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Common stock par value (in Dollars per share)           $ 0.0001   $ 0.0001   $ 0.0001  
Number of share (in Shares)       1              
Number of ordinary shares (in Shares)           5,000,000   5,000,000   5,000,000  
Pubco Class A Stock [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Price per price (in Dollars per share)       $ 0.01              
Pubco Class B Stock [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Price per price (in Dollars per share)       $ 0.01              
Convertible Preferred Stock [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Convertible preferred stock, share (in Shares)       3,200,000              
Percentage of convertible preferred stock       7.00%              
July Preferred Stock Investor [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Number of preferred stock (in Shares)     300,000                
Convertible preferred stock     $ 30,000,000                
Preferred stock per share (in Dollars per share)     $ 85                
Purchase price     $ 25,500,000                
Preferred Stock Private Placements [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Number of preferred stock (in Shares)   3,019,200                  
Convertible preferred stock   $ 301,920,000                  
Purchase price   $ 256,632,000                  
IPO [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Price per price (in Dollars per share)         $ 10            
Offering cost                   $ 218,000  
Loan amount           $ 330,000   $ 330,000   $ 0  
IPO [Member] | Sponsor [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Loan amount           $ 1,750,000   $ 1,750,000     $ 300,000
IPO [Member] | CF Secured, LLC [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Gross proceeds         $ 200,000,000            
IPO [Member] | Common Class A [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Number of shares (in Shares)         20,000,000            
Common stock par value (in Dollars per share)         $ 0.0001            
Public share redemption price. (in Dollars per share)         $ 10            
Private Placement [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Net proceeds from private placement         $ 5,000,000            
Offering cost         4,500,000            
Underwriting fees         4,100,000            
Other offering cost         $ 400,000            
Public share redemption price. (in Dollars per share)         $ 10            
Percentage of principal amount       1.00%              
Private Placement [Member] | Convertible Notes [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Principal amount       $ 500,000,000              
Private Placement [Member] | Newco Equity Investors [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Price per price (in Dollars per share)   $ 10                  
Exchange of bitcoin   $ 865                  
Private Placement [Member] | Common Class A [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Number of shares (in Shares)         500,000            
Price per price (in Dollars per share) $ 10 $ 10     $ 10            
Net proceeds from private placement         $ 5,000,000            
Exchange of bitcoin $ 20 $ 4,156.11                  
Public Shares [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Public share redemption price. (in Dollars per share)           $ 10.15   $ 10.15      
Redemption shares percentage               15.00%      
Public Shares [Member] | Sponsor [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Redeemed share price (in Dollars per share)               $ 0.15      
Redemption shares percentage               100.00%      
Newco Private Placement [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Price per price (in Dollars per share)   $ 10                  
Exchange of bitcoin 20                    
Newco Private Placement [Member] | August CEPO BTC Equity PIPE [Member]                      
Description of Organization, Business Operations and Basis of Presentation [Line Items]                      
Exchange of bitcoin $ 5,021.11