Shares Outstanding History
Cash Position
Cash Position
The company has 8.0 months of cash left based on the quarterly cash burn of $-51.45 M and estimated current cash of $137.91 M.
Commentary on Financial Condition
“Since our inception, we have historically financed our operations primarily with cash flow from operating activities, proceeds from the private sale of equity securities, related party indebtedness from Winklevoss Capital Fund (“WCF”) denominated in bitcoin, ether, or U.S. dollars, and loan agreements with unrelated third parties. We utilize crypto assets, specifically bitcoin, as a treasury asset and given our belief that bitcoin is a better store of value and hedge against inflation than fiat, we have generally sought to incur borrowing costs in U.S. dollars rather than sell bitcoin. As of March 31, 2026 and December 31, 2025, we had (i) cash and cash equivalents of $215.6 million and $252.2 million, respectively, which consisted primarily of cash and highly liquid investments with an original maturity of three months or less when purchased; (ii) restricted cash and cash equivalents of” (from May 2026 filing’s Liquidity and Capital Resources) Filed At: 2026-05-14
| S-3 | Form S-3 | 2026-10-01 |
| 4 | Form 4 | 2026-08-24 |
| 10-Q | Form 10-Q | 2026-08-13 |
| 8-K | Form 8-K | 2026-08-13 |
| SCHEDULE 13G | Form SCHEDULE 13G | 2026-07-29 |
| 4 | Form 4 | 2026-07-06 |
| 4 | Form 4 | 2026-06-18 |
| 4 | Form 4 | 2026-06-18 |