| SCHEDULE OF DIGITAL ASSETS |
SCHEDULE
OF DIGITAL ASSETS
| |
|
2025 |
|
|
2024 |
|
| |
|
As of December 31, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
|
|
|
|
|
| Digital assets |
|
|
|
|
|
|
|
|
| Bitcoin Treasury – freely-traded |
|
$ |
1,414,474 |
|
|
$ |
10,550,934 |
|
| Bitcoin Treasury – restricted (1)
|
|
|
13,486,847 |
|
|
|
19,890,199 |
|
| Total |
|
$ |
14,901,321 |
|
|
$ |
30,441,133 |
|
| (1) |
|
During
the year ended December 31, 2025, the Group entered into a series of loan agreements with Ledn Cayman SEZC Inc.,with an aggregate principal
amount of US$12.04
million. All loans have a 12-month
term, bear annual interest rates ranging from 10.4%
to 11.5%,
and require a single full payment of principal and accrued interest on the maturity date; the Group may prepay the loans in whole or
in part without penalty. The loan proceeds are used to purchase additional Bitcoin, with the collateral managed in accordance with the
agreements’ terms. As of December 31, 2025, the outstanding principal loan balance of US$7,900,000 and an outstanding accrued interest
was US$610,498,
and the loans were secured by Bitcoin held in designated custodial wallets (restricted from trading), with the aggregate collateral amount
totalling approximately 154
Bitcoin.
|
|