Company: BTBT
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076608
Chunk: 49

Company: Bit Digital, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 1
Chunk 49
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 of property and equipment”. As of the date of
this report, the Company has collected cash consideration of $906,016.

27

10. INVESTMENT SECURITIES

Investment securities were comprised of the following:

    June 30, 2025  
    December 31, 2024 
  
    Investment in Digital Future Alliance Limited (“DFA”) (a) 
    $94,534  
    $94,534 
  
    Investment in Nine Blocks Offshore Feeder Fund (“Nine Blocks”) (b) 
     2,934,308  
     3,036,403 
  
    Investment in Auros Global Limited (c) 
     1,999,987  
     1,999,987 
  
    Investment in Ingonyama Ltd (d) 
     100,000  
     100,000 
  
    Investment in Cysic Inc. (e) 
     100,000  
     100,000 
  
    Investment in a SAFE (f) 
     1,000,000  
     1,000,000 
  
    Investment in AI Innovation Fund I (“AI fund”) (g) 
     17,651,600  
     15,800,000 
  
    Investment in Innovation Fund I (“Innovation fund”) (h) 
     15,073,363  
     8,666,441 
  
    Total 
    $38,953,792  
    $30,797,365 

(a) Investment in Digital Future Alliance Limited (“DFA”)

DFA is a privately held company, over which the
Company has neither control nor significant influence through investment in ordinary shares. The Company accounted for the investment
in DFA using the measurement alternative at cost, less impairment, with subsequent adjustments for
observable price changes resulting from orderly transactions for identical or similar investments of the same issuer.

For the three and six months ended June 30, 2025
and 2024, the Company did not record upward adjustments or downward adjustments on the investment. The Company’s impairment analysis
considers both qualitative and quantitative factors that may have a significant effect on the fair value of the equity security. As of
June 30, 2025 and December 31 2024, the Company did not recognize impairment against the investment security.

(b) Investment in Nine Blocks Offshore Feeder Fund (“Nine
Blocks”)