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FY2025
10 months to Dec 31, 2025
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|---|---|
| Cash flows from Operating Activities: | |
| Net loss | |
| Adjustments to reconcile net loss to net cash used in operating activities: | |
| Change in fair value of digital assets | |
| Loss on purchase of Bitcoin | |
| Amortized debt issuance costs | |
| Stock based compensation | |
| Changes in current assets and current liabilities: | |
| Prepaid expenses and other current assets | |
| Digital assets | |
| Accounts payable and accrued expenses | |
| Net cash used in operating activities | |
| Cash flows from Investing Activities: | |
| Purchase of digital assets | |
| Net cash used in investing activities | |
| Cash flows from Financing Activities: | |
| Issuance of Class A common stock | |
| Capital contribution | |
| Proceeds from reverse acquisition, net of transaction costs | |
| Proceeds from Equity PIPE | |
| Proceeds from issuance of convertible notes | |
| Net cash provided by financing activities | |
| Net change in cash | |
| Cash, end of the period | |
| Supplemental disclosure of noncash investing and financing activities: | |
| Assets assumed, combined | |
| Issuance of shares in Business Combination | |
| Contribution of digital assets by the Sellers | |
| Deemed dividends to Sponsor | |
| Cancellation of Class B common stock |
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