Do digital coin company reports change from 2026 to 2027 on pledged coins?

"As of May 31, 2026, approximately 7,303,725 INJ tokens, with a carrying amount (fair value) of $ 47,719,617 , were pledged as collateral and are included within digital assets in the condensed consolidated balance sheets."

"Crypto assets received from customers is the Company’s obligation to return, such obligations are recorded under “collateral payables” at fair value. Changes in the fair value of this liability are recognized in net income."

"Digital assets receivable, net, include LTC pledged as collateral and those unencumbered but residing with GSR."

"Although pledged as collateral, the Company retains ownership of these assets and continues to recognize them in the condensed consolidated balance sheets because the transfers do not qualify for derecognition."

"The results show that tokenization significantly increases accounting discretion in fair value measurement"

"The Group offsets these fair value adjustments against corresponding changes in “collateral receivables” where applicable, given the back-to-back nature of customer contracts and hedging arrangements."

"ASC 350-60 does not address the initial measurement, recognition, and derecognition of crypto assets."

"For the nine months ended May 31, 2026, the Company recognized a net unrealized gain of $ 2,809,970 related to changes in the fair value of its digital assets."

"Fair value measurement using the IFRS 13 Level 3 hierarchy also increases discretion"

"The Company considers there are no significant “costs to sell” digital assets and hence measurement of digital assets is based on their fair values with changes in fair values recognized in profit or loss in the period of the changes."

"Change in fair value of digital assets represents unrealized losses from the remeasurement of our LTC investments to their fair value, realized losses recognized upon derecognition of LTC digital assets when placing them as collateral with GSR Markets upon writing of Covered Call Options and realized losses on the sale of LTC digital assets."

"Digital assets are subsequently measured at fair value at each reporting date in accordance with ASC 350-60, with changes in fair value recognized within consolidated statements of operations in the period in which they occur."

"Gains and losses are recognised in profit or loss when the assets are derecognised or impaired, and through the amortisation process."

"Realized loss upon transfer of digital assets as collateral"

"Fair value gains and losses are non-cash in nature unless and until the related digital assets are sold, exchanged, transferred or otherwise monetized."

"The fair value of the put and call option is measured on a recurring basis by referencing to the spot price of underlying digital assets, which the Group considers to be a Level 2 fair value input."

"primarily associated with the change in fair value of digital assets receivable, net, realized and unrealized losses on LTC pledged for Covered Call Options partially offset by a gain on derivative liabilities during the current period"

"The Group enters into structured product arrangements with customers that require the customers to pledge crypto assets as collateral."

"Crypto assets pledged as collateral are initially measured at fair value on the date of receipt and subsequently re-measured at each reporting date, with changes in fair value recognized in the financial statements."

"Changes in the fair value of this liability are recognized in net income. The Group offsets these fair value adjustments against corresponding changes in “collateral receivables” where applicable, given the back-to-back nature of customer contracts and hedging arrangements."

"The Group considers there are no significant “costs to sell” digital assets and hence measurement of digital assets is based on their fair values with changes in fair values recognized in profit or loss in the period of the changes."

"Digital asset gains for the three months ended March 31, 2026 were $6.3 million, primarily reflecting approximately $124.6 million of unrealized losses resulting from changes in market prices of ETH and liquid staking incentive tokens held during the period, partially offset by approximately $118.2 million of realized gains recognized upon the sale, transfer, or redeployment of ETH."

"The change in fair value of the long-term receivable derivative for the three months ended March 31, 2026 was $48.6 million, primarily driven by changes i"

"Change in fair value of available-for-sale securities for the three months ended March 31, 2026 was $0.1 million, reflecting unrealized gains and losses resulting from changes in market prices of equity investment securities acquired during the period."

"Change in Fair Value of Derivative Instruments consists of net realized and unrealized gains and losses on the Company’s ETH-denominated derivative instruments. Gains and losses arise from changes in market prices and changes in fair value and settlement of the instruments, as applicable."

"Digital asset gains and losses consist of realized and unrealized gains and losses on ETH and liquid staking incentive tokens held by the Company."

"Digital asset losses for the six months ended June 30, 2026 were $12.8 million, primarily reflecting approximately $124.6 million of realized losses recognized upon the sale, transfer, or redeployment of ETH, partially offset by approximately $111.8 million of unrealized gains resulting from changes in market prices of ETH and liquid staking incentive tokens held during the period."

"The change in fair value of the long-term receivable derivative for the six months ended June 30, 2026 was $48.6 million, primarily driven by changes in the market price of ETH, the accrual of staking rewards under liquid staking arrangements, and changes in the quantity of assets deployed in such protocols during the period."

"Interest expense consists of interest incurred on outstanding debt obligations, primarily the Equities First loan and the Aave loan."

"Other expense consists primarily of the reversal of previously recognized reward revenue associated with protocol-based incentive arrangements."

"Change in Fair Value of Derivative Instruments consists of net realized and unrealized gains and losses on the Company’s ETH-denominated derivative instruments."

"Loss on digital assets held for investment, net (512,615) — n/m"

"Loss on digital assets from operations, net 82,705 259,910 (68)%"

"Change in fair value of option liability (29,266,000) (977,000) (2,895)%"

"Change in fair value of derivative liability 21,843,000 (2,754,000) 893%"

"Loss on digital assets held for investment, net 1,433,082 —"

"“Collateral must be of high quality, legally enforceable, highly liquid, and easily operationally available,” he said, “including in stressed conditions and following a clearing member default.”"

"The European Securities and Markets Authority is seeking industry input on the legal, operational and liquidity risks of tokenized collateral at EU central counterparties (CCPs). The call for evidence, published on Oct. 9, explores whether using distributed ledger technology changes how eligible assets are moved, protected and realized, and whether existing EU rules remain adequate."

"ESMA has outlined four risks associated with tokenized collateral, including uncertainty over legal ownership, challenges managing collateral during defaults, liquidity and concentration risks, and vulnerabilities involving cybersecurity and interoperability."

"Stakeholders have until Jan. 15, 2027, to respond, after which ESMA will assess the submissions in the first quarter of 2027 and determine whether further regulatory measures are warranted."