97% Gone in 6 Months: This AI Crypto Startup Burned $12M on Bad Trades, Has $577K Left
A pre-revenue AI crypto startup entered June with just $577,328 in cash after bad crypto trades wiped out 97% of its capital in under six months.
That number is not a typo. The company, which has generated zero revenue, watched its treasury collapse from a multi-million dollar position to barely half a million dollars while simultaneously routing $12 million into electric vehicle investments. The moves reveal a company swinging wildly across multiple speculative sectors with no financial floor to catch it.
The Full Picture Is Worse Than the Headline
This is not a case of a struggling startup trimming costs and pivoting quietly. This is a company that took real capital, deployed it into crypto positions that imploded, and then funneled what remained into EV bets while its core AI business has yet to produce a single dollar of revenue.
The RoboShare pilot program, one of the company's flagship initiatives, remains conditional. So does its discounted equity facility. In other words, the two mechanisms most likely to stabilize the balance sheet are still not confirmed. The company is operating on promises, not cashflows.
With $577,328 in the bank, the runway is not measured in years. It is measured in weeks depending on burn rate.
Why This Should Concern Crypto Investors Broadly
Stories like this one are not isolated. The 2024 to 2025 cycle has seen a wave of small-cap companies rebrand around AI and crypto narratives to attract speculative capital. The playbook is familiar: announce a pivot, reference large addressable markets, execute poorly, and hope the narrative holds long enough to raise again.
The problem is that retail investors often do not see the financial filings until the damage is already done. By the time the 97% cash erosion becomes public knowledge, the smart money has already moved.
The $12 million EV allocation is particularly telling. Rather than preserving capital or doubling down on its stated AI crypto focus, the company diversified into another hype-adjacent sector. That is not strategic vision. That is desperation wearing a press release.
What to Watch
If you are holding any position in pre-revenue AI or crypto-adjacent small caps, this filing is your signal to audit the balance sheets now, not after the next quarter. Look specifically at cash on hand versus monthly burn, any conditional financing arrangements that have not closed, and whether the company has any actual revenue timelines attached to its product launches.
The $577K figure is the real headline. Everything else is noise.