The Company’s assets that are measured at fair value on a recurring basis consist of the following:



	June 30, 2026
	Level	Cost		Unrealized Gain		Unrealized Loss		Fair Value
Cash and cash equivalents
Cash	I	$	23,886	$	—	$	—	$	23,886
Money market funds	I	65,625		—		—		65,625
Government securities	I	4,011		—		—		4,011
Marketable securities

Government securities	II	6,487		—		—		6,487
Prepaid expenses and other current assets
Restricted cash	I	210		—		—		210

Other assets
Restricted cash	I	475		—		—		475
Restricted cash in money market funds	I	145		—		—		145

Total		$	100,839	$	—	$	—	$	100,839



	December 31, 2025
	Level	Cost		Unrealized Gain		Unrealized Loss		Fair Value
Cash and cash equivalents
Cash	I	$	3,408	$	—	$	—	$	3,408
Money market funds	I	21,339		—		—		21,339




Prepaid expenses and other current assets
Restricted cash	I	30		—		—		30
Money market funds	I	152		—		—		152
Other assets
Restricted cash	I	182		—		—		182
Restricted cash in money market funds	I	13		—		—		13

Total		$	25,124	$	—	$	—	$	25,124

As of June 30, 2026 and December 31, 2025, the Company also held 18,712 units of Bitcoin with a cost basis of $661 million and fair value of $1,098 million and $1,637 million, respectively. The fair value of these digital assets is determined using Level I in the fair value hierarchy.