I think the "original" money is still mostly from their 2021 IPO, so "leveraged" was the wrong word, my brain is a mess today.
But, they certainly look like they either ate up to a quarter billion loss on crypto gambling, or shuffled the money from that column into a different part of the books to pay for AI, or spent that money on other new investments. I don't think it could be entirely new investments because they've never even hit one billion in annual revenue, their net income has never been positive, and they've had no new acquisitions over the last couple of years. The new CFO in January move also points at a big financial fuckup being the reason.