| Summary of Digital Asset Holdings |
The following table summarizes the Company’s digital asset holdings as of: | | | | | | | | | | | | | | (in thousands, except number of bitcoins) | | June 30,
2026 | | December 31,
2025 | | Approximate number of bitcoins held | | 846,000 | | | 672,500 | | | Digital asset cost basis | | $ | 63,939,306 | | | $ | 50,435,331 | | | Digital asset fair value | | $ | 49,672,080 | | | $ | 58,854,028 | |
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| Reconciliation of Digital Assets |
The following table summarizes the Company’s digital asset purchases, digital asset sales, and unrealized loss (gain) on digital assets for the periods indicated. | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | Six Months Ended June 30, | | (in thousands, except number of bitcoins) | | 2026 | | 2025 | | 2026 | | 2025 | | Approximate number of bitcoins purchased | | 85,296 | | | 69,140 | | | 174,895 | | | 149,855 | | | Digital asset purchases | | $ | 6,420,975 | | | $ | 6,769,205 | | | $ | 13,672,101 | | | $ | 14,430,868 | | Approximate number of bitcoins sold | | 1,395 | | | — | | | 1,395 | | | — | | | Digital asset sales | | $ | 83,205 | | | $ | — | | | $ | 83,205 | | | $ | — | | Unrealized loss (gain) on digital assets | | $ | 8,315,365 | | | $ | (14,047,514) | | | $ | 22,770,844 | | | $ | (8,141,509) | |
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