v3.26.1
ACQUISITIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Business Combination Total consideration transferred in the
acquisition, subject to customary post-closing adjustments, was $4.3 billion, consisting of the following (in thousands):
Cash$721,460 
Class A common stock of the Company(1)
3,573,092 
Total purchase consideration$4,294,552 
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(1)Fair value, representing the closing market price of the Company’s Class A common stock on the acquisition date.
Business Combination, Recognized Asset Acquired and Liability Assumed The purchase consideration was allocated to the tangible and intangible assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date with the excess recorded as goodwill, as follows (in thousands):
Goodwill$2,818,754 
Intangible assets1,390,000 
Crypto assets held for investment164,263 
Deferred tax assets and liabilities, net(132,527)
Cash and cash equivalents and restricted cash
112,928 
Other assets and liabilities, net(58,866)
Net assets acquired$4,294,552 
Business Combination, Intangible Asset, Acquired, Finite-Lived
The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition (in thousands, except for years data):
Fair ValueUseful Life at Acquisition (in years)
Customer relationships$1,059,000 15
Acquired developed technology288,000 6
Trade name43,000 8
Total identifiable intangible assets acquired$1,390,000 13