v3.26.1
CRYPTO ASSETS HELD FOR INVESTMENT
 6 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
CRYPTO ASSETS HELD FOR INVESTMENT
7. CRYPTO ASSETS HELD FOR OPERATIONS
The following table summarizes Crypto assets held for operations (in thousands, except units):
June 30, 2026
December 31, 2025
Units
Cost Basis
Fair Value
Units
Cost Basis
Fair Value
Bitcoin553 $48,384 $32,489 487 $48,191 $43,282 
Ethereum10,480 18,616 17,381 10,499 27,341 31,174 
Solana88,028 7,217 6,476 52,933 7,698 6,624 
Other crypto assets(1)
nm49,791 30,123 
nm
55,068 39,751 
Total held for operations
$124,008 
$86,469 $138,298 $120,831 
__________________
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.
9. CRYPTO ASSETS HELD FOR INVESTMENT
The following table summarizes Crypto assets held for investment (in thousands, except units):
June 30, 2026
December 31, 2025
Units
Cost Basis
Fair Value
Units
Cost Basis
Fair Value
Bitcoin
17,311 
$
1,213,691 
$
1,013,166 
15,389 
$
1,079,153 
$
1,346,452 
Ethereum
150,279 
340,602 
235,741 
151,175 
348,975 
448,484 
Other crypto assets(1)
nm
269,121 
219,488 
nm
323,226 
203,935 
Total held for investment
$
1,823,414 
$
1,468,395 
$
1,751,354 
$
1,998,871 
__________________
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, 2026, the Company held $128.4 million of Crypto assets held for investment subject to selling restrictions that are time-based and lift between 2026 and 2030.