v3.26.1
SEGMENTS - Schedule of Reconciliation of Segment Income (Loss) to Consolidated Income (Loss) Before Income Taxes (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information [Line Items]    
Revenue $ 2,664 $ 287
Cost of revenue 103 7
General and administrative 6,006 543
Sales and marketing 253 465
Research and development 141 169
Depreciation and amortization 351 50
Net loss (gain) on digital assets 51,030 0
(Gain) loss from changes in fair value of contingent consideration 0 (64)
Total operating expenses 57,884 1,170
Operating (loss) income (55,220) (883)
Interest expense (2,696) 0
(Loss) gain from derivative instruments (22,838) 0
Investment and other (expense) income, net (2,636) 105
(Loss) income before income taxes (83,390) (778)
Operating Segments | Treasury    
Segment Reporting Information [Line Items]    
Revenue 2,402 0
Cost of revenue 96 0
General and administrative 5,071 0
Sales and marketing 150 0
Research and development 125 0
Depreciation and amortization 304 0
Net loss (gain) on digital assets 51,030 0
(Gain) loss from changes in fair value of contingent consideration 0 0
Total operating expenses 56,776 0
Operating (loss) income (54,374) 0
Interest expense 0 0
(Loss) gain from derivative instruments 0 0
Investment and other (expense) income, net 0 0
(Loss) income before income taxes (54,374) 0
Operating Segments | Real Estate    
Segment Reporting Information [Line Items]    
Revenue 262 287
Cost of revenue 7 7
General and administrative 935 543
Sales and marketing 103 465
Research and development 16 169
Depreciation and amortization 47 50
Net loss (gain) on digital assets 0 0
(Gain) loss from changes in fair value of contingent consideration 0 (64)
Total operating expenses 1,108 1,170
Operating (loss) income (846) (883)
Interest expense 0 0
(Loss) gain from derivative instruments 0 0
Investment and other (expense) income, net 0 0
(Loss) income before income taxes (846) (883)
Corporate    
Segment Reporting Information [Line Items]    
Revenue 0 0
Cost of revenue 0 0
General and administrative 0 0
Sales and marketing 0 0
Research and development 0 0
Depreciation and amortization 0 0
Net loss (gain) on digital assets 0 0
(Gain) loss from changes in fair value of contingent consideration 0 0
Total operating expenses 0 0
Operating (loss) income 0 0
Interest expense (2,696) 0
(Loss) gain from derivative instruments (22,838) 0
Investment and other (expense) income, net (2,636) 105
(Loss) income before income taxes $ (28,170) $ 105