| Schedule of Reconciliation of Hype Digital Assets |
The following tables present a reconciliation of the Company’s assets related to its digital assets from both a dollar value and tokens perspective:
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
|
HYPE |
|
USDC* |
|
Total |
|
Balance, June 30, 2025 |
|
$ |
- |
|
$ |
- |
|
$ |
- |
|
Purchases |
|
|
- |
|
|
- |
|
|
- |
|
Balance, September 30, 2025 |
|
|
- |
|
|
- |
|
|
- |
|
Contributions of HYPE digital assets from Rorschach Contributions |
|
|
580,466 |
|
|
- |
|
|
580,466 |
|
Purchases |
|
|
9,000 |
|
|
- |
|
|
9,000 |
|
Unrealized loss |
|
|
(93,200 |
) |
|
- |
|
|
(93,200 |
) |
Loss on HYPE contribution commitment |
|
|
(169,156 |
) |
|
- |
|
|
(169,156 |
) |
Receipt of HYPE digital assets from staking activities |
|
|
500 |
|
|
- |
|
|
500 |
|
Balance, December 31, 2025 |
|
$ |
327,610 |
|
$ |
- |
|
$ |
327,610 |
|
Purchases |
|
|
160,373 |
|
|
3,873 |
|
|
164,246 |
|
Sales |
|
|
- |
|
|
(3,373 |
) |
|
(3,373 |
) |
Unrealized gains |
|
|
198,435 |
|
|
- |
|
|
198,435 |
|
Receipt of HYPE digital assets from staking activities |
|
|
2,626 |
|
|
- |
|
|
2,626 |
|
Other receipts of HYPE digital assets |
|
|
1 |
|
|
- |
|
|
1 |
|
Balance, March 31, 2026 |
|
$ |
689,045 |
|
$ |
500 |
|
$ |
689,545 |
|
|
|
|
|
|
|
|
|
|
|
(HYPE tokens) |
|
(USDC tokens*) |
|
Balance, June 30, 2025 |
|
|
- |
|
|
- |
|
Purchases |
|
|
- |
|
|
- |
|
Balance, September 30, 2025 |
|
|
- |
|
|
- |
|
Contributions of HYPE digital assets from Rorschach Contributions |
|
|
12,517,592 |
|
|
- |
|
Purchases |
|
|
321,224 |
|
|
- |
|
Receipt of HYPE digital assets from staking activities |
|
|
18,717 |
|
|
- |
|
Balance, December 31, 2025 |
|
|
12,857,533 |
|
|
- |
|
Purchases |
|
|
5,884,940 |
|
|
3,873,420 |
|
Sales |
|
|
- |
|
|
(3,373,420 |
) |
Receipt of HYPE digital assets from staking activities |
|
|
83,832 |
|
|
- |
|
Other receipts of HYPE digital assets |
|
|
50 |
|
|
- |
|
Balance, March 31, 2026 |
|
|
18,826,355 |
|
|
500,000 |
|
*The tables above include all balances presented within the Company’s HYPE digital assets and digital assets line items on the condensed consolidated balance sheets, based on quoted prices on active exchanges. The table also includes a separate column reflecting transactions involving USDC, which is not presented as digital asset on the condensed consolidated balance sheets. This column has been included to provide additional transparency. USDC is classified within prepaid expenses and other current assets. |
|
|
|
|
| Schedule of Units Held, Cost Basis, and Fair Value of Hype Digital Assets |
The following table sets forth the units held, cost basis, and fair value of HYPE digital assets held, as shown on the condensed consolidated balance sheets as of March 31, 2026:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
|
|
Units |
|
|
Cost Basis |
|
|
Fair Value |
|
HYPE digital assets |
|
|
18,826,355 |
|
|
$ |
752,966 |
|
|
$ |
689,045 |
|
Total |
|
|
18,826,355 |
|
|
$ |
752,966 |
|
|
$ |
689,045 |
|
|