| Other income (expense), net |
12. Other income (expense), net The following table presents our major categories of Other income (expense), net (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Table 12.1 Other income (expense), net | | | Three months ended June 30, | | Six months ended June 30, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | Realized and unrealized gains (losses), net, on digital assets held for investment, other related investments, and strategic investments | | $ | 3,702 | | | $ | 5,738 | | | $ | 377 | | | $ | (2,524) | | | | Impairment losses on strategic investments | | (115) | | | (506) | | | (366) | | | (506) | | | | | Interest income on corporate balances | | 14,517 | | | 9,952 | | | 28,226 | | | 17,917 | | | | | Changes in fair value of convertible debt, warrant liability, embedded derivatives and U.S Treasury securities | | (1,876) | | | (167,724) | | | (5,984) | | | (170,106) | | | | Interest expense, net of amortization of discounts and premiums | | (64) | | | (344) | | | (102) | | | (679) | | | | | Foreign currency exchange gains (losses) | | 1,475 | | | (8,067) | | | 6,596 | | | (8,605) | | | | | Other, net | | 308 | | | 530 | | | 883 | | | 979 | | | | Total other income (expense), net | | $ | 17,947 | | | $ | (160,421) | | | $ | 29,630 | | | $ | (163,524) | | | |
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