v3.25.3
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 7,495 $ 6,562
ETH digital assets 210,435
Equity securities, at fair value (cost basis of $8,679) 5,763
Other equity securities and other holdings 12,804 54,310
Property, plant and equipment, net 2,247 2,404
Assets of discontinued operations 10,408 39,824
Other assets 1,348 606
Total assets 244,737 109,469
LIABILITIES    
Accounts payable and accrued expenses 2,483 842
Short-term debt, net of issuance costs 1,918 2,068
Deferred income taxes 1,712 2,412
Liabilities of discontinued operations 7,144 29,722
Other liabilities 459 228
Total liabilities 13,716 35,272
Commitments and contingencies (Note 15)
SHAREHOLDERS’ EQUITY    
Series A Preferred Shares, $25.00 par and liquidation value, 15,000,000 shares authorized and 894,580 shares issued and outstanding as of September 30, 2025 and 1,000,000 shares authorized and 894,580 shares issued and outstanding as of December 31, 2024 22,365 22,365
Common stock, $0.001 par value; 1,000,000,000 shares authorized and 39,834,188 issued and outstanding as of September 30, 2025, and 4,000,000 shares authorized and 1,267,904 shares issued and outstanding as of December 31, 2024 67 29
Additional paid-in capital 215,671 50,924
Accumulated deficit (9,244) (229)
Accumulated other comprehensive income 2,162 1,108
Total stockholders’ equity 231,021 74,197
Total liabilities and stockholders’ equity $ 244,737 $ 109,469