Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 59

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 59
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, plant and equipment. As of the date of this report, the Company has
collected the cash consideration of $1.0 million.

29

10. INVESTMENT
SECURITIES

Investment
securities were comprised of the following:

    September
    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) 
             3,036,667  
             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) 
     17,576,600  
     15,800,000 
  
    Investment in Innovation
    Fund I (“Innovation fund”) (h) 
     62,769,090  
     8,666,441 
  
    Total 
    $86,676,878  
    $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 nine months ended September 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 September 30, 2025 and December 31, 2024, the Company did not recognize impairment