v3.25.2
CRYPTO ASSETS HELD FOR OPERATIONS
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
CRYPTO ASSETS HELD FOR OPERATIONS
5. CRYPTO ASSETS HELD FOR OPERATIONS
The following table summarizes Crypto assets held for operations (in thousands, except units):
June 30, 2025December 31, 2024
UnitsCost BasisFair ValueUnitsCost BasisFair Value
Bitcoin514 $57,113 $55,136 57 $7,814 $5,473 
Ethereum11,195 19,552 27,813 8,142 21,843 27,122 
Solana64,991 11,085 9,656 69,280 14,526 13,245 
Other crypto assets(1)
nm40,793 33,369 nm51,871 36,941 
Total held for operations$128,543 $125,974 $96,054 $82,781 
__________________
nm - not meaningful
(1)Includes various other crypto asset balances, none of which individually represented more than 5% of the fair value of total Crypto assets held for operations.
7. CRYPTO ASSETS HELD FOR INVESTMENT
The following table summarizes Crypto assets held for investment (in thousands, except units):
June 30, 2025December 31, 2024
UnitsCost BasisFair ValueUnitsCost Basis
Fair Value
Bitcoin11,776 $740,339 $1,261,220 6,885 $272,164 $642,738 
Ethereum136,782 268,673 339,502 115,700 260,674 385,314 
Other crypto assets(1)
nm264,163 238,165 nm347,827 524,943 
Total held for investment$1,273,175 $1,838,887 $880,665 $1,552,995 
__________________
nm - not meaningful
(1)Includes various other crypto asset balances, none of which individually represented more than 5% of the fair value of total Crypto assets held for investment.
As of June 30, 2025, the Company had $75.7 million of Crypto assets held for investment subject to selling restrictions that are time-based and lift between 2025 and 2029.