v3.25.4
Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2025
Fair Value Disclosures [Abstract]  
Schedule of Financial Assets According to Fair Value Hierarchy The Company’s financial assets are summarized below as of December 31, 2025 and 2024, with fair values shown
according to the fair value hierarchy:
(in thousands)
Carrying
Value
Quoted Prices
Level 1
Significant Other
Observable
Inputs
Level 2
Significant
Unobservable
Inputs
Level 3
As of December 31, 2025
Bitcoin
$149,164
$149,164
$
$
Ether
5,633
5,633
Solana
1,552
1,552
Other investments (1)
700
Equity security
244
244
Other digital assets
98
98
Money market funds
7
7
Total
$157,398
As of December 31, 2024
Bitcoin
$181,238
$181,238
$
$
Treasury bills
31,162
31,162
Money market funds
25,514
25,514
Ether
8,847
8,847
Solana
4,628
4,628
Other digital assets
1,646
1,646
Other investment (1)
100
Total
$253,135
(1)These investments are recorded at cost.