Financial reports from ZeroStack, the 0G treasury firm, show that its holdings of 0G tokens have an unrealized loss of 91%, and its operations are highly dependent on the price and liquidity of 0G.

0G treasury firm ZeroStack’s 10-Q filing with the U.S. Securities and Exchange Commission (SEC) shows that as of June 30, the company held $2.6 million in cash, had a working capital deficit of $600,000, accumulated net losses of $339.1 million, and recognized $82.5 million in fair value losses on digital assets. It projects a net loss of $61.3 million for the first half of 2026. The filing further reveals that as of the same date, ZeroStack held 75.1 million 0G (Zero Gravity) tokens, with a total cost of $163.3 million, while their fair value stood at just $15.2 million – a roughly 91% drop from the book cost. The company stated that its current operations rely mainly on 0G staking rewards and token sales, and its future financing capacity will depend on 0G’s price performance and market trading liquidity. Public information shows that ZeroStack is a listed treasury company taking 0G as its core reserve asset, not the official or development team of the 0G project. By holding and staking large volumes of 0G to participate in the ecosystem, its operating performance is highly correlated with the price trend of the 0G token.