| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | |
|---|---|---|---|---|
| Cash and cash equivalents | 35,300,000 | 22,583,253 | 24,185,083 | |
| Prepaid expenses | 14,056,000 | NaN | NaN | |
| Prepaid expenses and other current assets | NaN | 2,173,979 | 2,866,714 | |
| Derivative assets | 8,182,000 | NaN | NaN | |
| Call option asset - related party | NaN | 199,060,000 | NaN | |
| Other current assets | 5,881,000 | NaN | NaN | |
| Total current assets | 63,419,000 | 223,817,232 | 27,051,797 | |
| Digital assets | 345,587,000 | 467,549,622 | 615,798,837 | |
| Investments | 16,888,000 | 35,697,320 | 45,956,627 | |
| Intangible assets | 101,175,000 | 3,009,281 | 3,009,281 | |
| Goodwill | 93,506,000 | NaN | NaN | |
| Other non-current assets | 186,000 | 534,299 | 605,032 | |
| Total assets | 620,761,000 | 730,607,754 | 692,421,574 | |
| Accounts payable and accrued expenses | 13,093,000 | 5,859,341 | 5,846,215 | |
| Put option liability-related party | NaN | NaN | 5,469,000 | |
| Current portion of operating lease liabilities | NaN | NaN | 126,807 | |
| Contract liabilities | 23,118,000 | NaN | NaN | |
| Notes payable, net | 209,740,000 | 209,557,614 | 203,017,500 | |
| Derivative liabilities | 5,624,000 | NaN | NaN | |
| Other current liabilities | 124,000 | 568,207 | NaN | |
| Total current liabilities | 251,699,000 | 215,985,162 | 214,459,522 | |
| Contract liabilities | 1,622,000 | NaN | NaN | |
| Operating lease liabilities, net of current portion | NaN | NaN | 399,967 | |
| Other non-current liabilities | 366,000 | 365,966 | NaN | |
| Total liabilities | 253,687,000 | 216,351,128 | 214,859,489 | |
| Common stock, 0.001 par value, 10 billion shares authorized 690,018,254 shares issued and outstanding as of march 31, 2026 and 439,950,632 shares issued and 437,946,327 outstanding as of december 31, 2025 | 690,000 | 439,950 | 427,152 | |
| Treasury stock at cost, 2,004,305 and 20,500 shares as of december 31, 2025 and december 31, 2024, respectively | NaN | 749,003 | NaN | |
| Additional paid-in capital | 665,296,000 | 574,570,303 | 574,398,240 | |
| Accumulated other comprehensive loss | -131,000 | NaN | NaN | |
| Accumulated deficit | -298,781,000 | -60,004,624 | -97,263,307 | |
| Total stockholders equity | 367,074,000 | 514,256,626 | 477,562,085 | |
| Total liabilities and stockholders equity | 620,761,000 | 730,607,754 | 692,421,574 | |
Nakamoto Inc. (NAKAW)
Nakamoto Inc. (NAKAW)