| Assets | — | — |
| Current assets | — | — |
| Cash and cash equivalents | 8,543,903a | 5,139,351a |
| Restricted cash and cash equivalents | 38,519a | 22,992a |
| USDC | 1,241,808a | 576,028a |
| Customer custodial funds | 6,158,949a | 4,570,845a |
| Crypto assets held for operations | 82,781a | 74,103a |
| Loan receivables | 475,370a | 193,425a |
| Crypto assets held as collateral | 767,484a | 354,008a |
| Crypto assets borrowed | 261,052a | 45,212a |
| Accounts receivable, net | 265,251a | 168,290a |
| Other current assets | 277,536a | 212,540a |
| Total current assets | 18,112,653a | 11,356,794a |
| Crypto assets held for investment | 1,552,995a | 330,610a |
| Deferred tax assets | 941,298a | 1,272,233a |
| Software and equipment, net | 200,080a | 192,550a |
| Goodwill | 1,139,670a | 1,139,670a |
| Intangible assets, net | 46,804a | 86,422a |
| Other non-current assets | 548,451a | 375,622a |
| Total assets | 22,541,951a | 14,753,901a |
| Liabilities and stockholders’ equity | — | — |
| Current liabilities | — | — |
| Customer custodial fund liabilities | 6,158,949a | 4,570,845a |
| Accounts payable | 63,316a | 39,294a |
| Crypto asset borrowings | 300,110a | 62,980a |
| Obligation to return collateral | 792,125a | 355,071a |
| Accrued expenses and other current liabilities | 626,820a | 456,889a |
| Total current liabilities | 7,941,320a | 5,485,079a |
| Long-term debt | 4,234,081a | 2,979,957a |
| Other non-current liabilities | 89,708a | 7,216a |
| Total liabilities | 12,265,109a | 8,472,252a |
| Stockholders’ equity | — | — |
| Preferred stock | 0a | 0a |
| Class A common stock | 2a | 2a |
| Class B common stock | 0a | 0a |
| Additional paid-in capital | 5,365,990a | 4,491,571a |
| Accumulated other comprehensive loss | -50,051a | -30,270a |
| Retained earnings | 4,960,901a | 1,820,346a |
| Total stockholders’ equity | 10,276,842a | 6,281,649a |
| Total liabilities and stockholders’ equity | 22,541,951a | 14,753,901a |