Quarterly report pursuant to Section 13 or 15(d)

REVISION OF CERTAIN PRIOR PERIOD AMOUNTS (Tables)

v3.22.2.2
REVISION OF CERTAIN PRIOR PERIOD AMOUNTS (Tables)
9 Months Ended
Sep. 30, 2022
Accounting Changes and Error Corrections [Abstract]  
SCHEDULE OF RESTATEMENTS AND RECLASSIFICATIONS

                         
Balance Sheet as of December 31, 2021   As reported     Revision     Revised  
Cash and cash equivalents     268,522,019       33,818       268,555,837  
Digital currencies held in fund     -       223,915,761       223,915,761  
Investment fund    

223,778,545

      (223,778,545 )     -  
Prepaid expenses and other current assets     8,148,016       100       8,148,116  
Accounts payable     10,772,523      

94,880

      10,867,403  
Accrued expenses    

2,154,616

     

76,254

     

2,230,870

 

 

      (1)                       (1)                  
Statements of Operations   Three months ended September 30, 2021     Nine months ended September 30, 2021  
      As reported / reclassified (1)       Revision       Revised       As reported / reclassified (1)       Revision       Revised  
General and administrative expenses           (98,996,339 )     (239,645 )     (99,235,984 )         (158,763,196 )     (648,208 )     (159,411,404 )
Change in fair value of investment in NYDIG fund     41,850,203       (41,850,203 )     -       58,765,274       (58,765,274 )     -  
Realized and unrealized gains (losses) on digital currencies held in fund     -       42,086,907       42,086,907       -       59,410,028       59,410,028  
Operating loss     (64,283,755 )     41,847,262       (22,436,493 )     (106,717,049 )     58,761,820       (47,955,229 )

 

                         
Statement of Cash Flows   Nine months ended September 30, 2021  
      As reported       Revision       Revised  
Realized and unrealized gains on digital currencies held in fund     -       (59,410,028 )      (59,410,028 ) 
Change in fair value of investment securities     (58,765,274 )     58,765,274       -  
Accounts payable and accrued expenses     2,374,766       144,039     2,518,805  
Net cash used in operating activities     (43,914,493 )     (442,677 )     (44,357,170 )
Sale of digital currencies in investment fund     -       500,715       500,715  
Net cash used in investing activities     (372,223,134 )     442,677       (371,780,457)  

 

(1) See reclassifications in Note 2