Crypto Co FY25 net loss widens to $1.92 million
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Crypto Co. reported a widened FY25 net loss of $1.92 million, with revenue plummeting 58.64% to $18,527. General and administrative expenses surged to $2.57 million, largely due to $1.08 million linked to the Starchive.io rescission. Despite a $1.55 million gain on debt forgiveness boosting other income, operating cash flow worsened. The company ended the year with negative working capital of $6.21 million but subsequently raised $270,000 in cash and approximately $19,000 worth of BTC.
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