DIGITAL ASSETS

12 Months Ended

Sep. 30, 2025

Digital Assets

DIGITAL ASSETS

NOTE 6        DIGITAL ASSETS

The following table shows the quantity of tokens, cost basis and fair value of Solana held by the Company as of September 30, 2025: 

Quantity		6,854,000
Cost basis	$	1,590,521,000
Fair value	$	1,430,486,000

The following table summarizes the Company’s Solana related activity for Fiscal 2025: 

Carrying value at September 30, 2024	$	–
Purchases and other additions		1,590,521,000
Unrealized losses		(160,035,000	)
Carrying value at September 30, 2025	$	1,430,486,000

Staked Digital Assets

The Company had staked $1.43 billion of digital assets as of September 30, 2025. The Company’s ability to sell or transfer staked digital assets is subject to restrictions related to unbonding periods, which are based on network traffic on the Solana blockchain. As of September 30, 2025, the majority of the Company’s staked digital assets on the Solana blockchain could be unbonded within three days. The staking rewards generated from proprietary staking activities for Fiscal 2025 were $4.36 million.