The Crypto Company

What they do

The company generates revenue by providing consulting services, training, and educational courses on distributed ledger technology to corporate and individual clients, operated through its wholly owned subsidiary Technology Convergence Company (formerly Blockchain Training Alliance). It also states it builds technological infrastructure and enterprise blockchain technology solutions, and has one inactive subsidiary, CoinTracking, LLC. Subsequent to fiscal year end, it acquired the intellectual property of Frame Holdings Ltd. through a new subsidiary, Frame Intelligence, LLC, to own and operate the Frame Blockchain, a Layer 1 interoperability and settlement network.

Revenue drivers

• Blockchain consulting and education — The company states it generated revenues in fiscal 2024 and 2025 primarily through consulting operations and blockchain training and education; total annual revenue was $18,527 in 2025 versus $44,814 in 2024.
• Blockchain training courses (Technology Convergence Company / BTA) — BTA is described as a blockchain training company providing courses to corporate and individual clients; the 10-Q attributes the revenue decline for the six months ended June 30, 2026 to decreased demand for blockchain training services.
• Frame Blockchain (pre-launch) — The company acquired Frame Holdings' intellectual property in March 2026 through Frame Intelligence, LLC with no upfront cash and milestone-based equity consideration; management intends to launch the Frame Blockchain in 2026, but as of June 30, 2026 no asset or liability was recognized for the transaction.

Recent performance

Revenue for the six months ended June 30, 2026 was $5,512, down from $7,086 in the prior-year period, which the company attributed to decreased demand for blockchain training services. Quarterly revenue has fallen each period this year, from $7,123 in the quarter ended September 30, 2025 to $1,465 in the quarter ended June 30, 2026. General and administrative expenses for the 2026 first half were $1,467,216 versus $1,253,871 a year earlier, driven by professional services, payroll and payroll-related costs. At June 30, 2026 the company reported total assets of $23,926, total liabilities of $6.4 million, negative shareholder equity of $6.4 million, and cash of $10,157.

Strategy

The company states it is engaged in developing and operating blockchain infrastructure and providing related consulting and education, and closed the fiscal 2025 year generating revenue solely from consulting and education. In March 2026 it acquired the Frame Holdings intellectual property for the Frame Blockchain and says the acquisition expands its capabilities and positions it in the crypto commerce and interoperability market, with a stated intention to launch Frame in 2026. A July 2026 Confirmation and Variation Agreement extended the APA funding deadline by 120 days and extinguished the $1.00 re-acquisition option, while the company states it is still evaluating the accounting because of contingent consideration, funding uncertainty, and lack of support for measuring an acquired intangible. It also states it may pursue additional strategic acquisitions with protectable revenues, market share, brand equity, proprietary technology, quality personnel, and international market access.

Risks

• Very low revenue and recurring losses — Revenue fell from $434,552 in 2021 to $18,527 in 2025 and to $5,512 in the 2026 first half, while annual net losses were $5.7M (2022), $7.2M (2023), $8.0M (2024), and $2.0M (2025).
• Negative equity and liquidity dependence — At June 30, 2026 total liabilities of $6.4 million exceeded total assets of $23,926, leaving shareholder equity of negative $6.4 million and cash of only $10,157.
• Frame acquisition accounting and funding uncertainty — The company recognized no asset or liability for the Frame acquisition as of June 30, 2026, citing contingent consideration, uncertainty surrounding the funding requirement, and the absence of sufficient support to reliably measure the acquired intangible.
• Restatement of previously issued financials — An 8-K filed June 24, 2026 disclosed that previously issued financials are not reliable, and the company changed accountants on March 12, 2026.

Outlook

Management states it intends to launch the Frame Blockchain in 2026 and believes the Frame acquisition expands its blockchain infrastructure capabilities and positions it in the crypto commerce and interoperability market. It is continuing to evaluate the Frame Asset Purchase Agreement and the related accounting as more information becomes available and funding milestones are achieved; the July 2026 Confirmation and Variation Agreement extended the funding deadline by 120 days. The company also states that it may pursue additional strategic acquisitions to grow operations and revenues.