| Schedule of Changes in Bitcoin Investment |
The following table summarizes the changes in the Company’s bitcoin investment (in thousands, except amount of bitcoin): | | | | | | | | | | | | | Amount of bitcoin | | Value | | Balance at December 31, 2025 | 8,883 | | | $ | 777,515 | | Additions (i) | 149 | | | 12,593 | | | | | | | Remeasurement loss | — | | | (172,818) | | | Balance at March 31, 2026 | 9,032 | | | $ | 617,290 | | Additions (i) | 85 | | | 5,050 | | | | | | | Remeasurement loss | — | | | (88,474) | | | Balance at June 30, 2026 | 9,117 | | | $ | 533,866 | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | Amount of bitcoin | | Value | | Balance at December 31, 2024 | 8,485 | | | $ | 792,282 | | Additions (i) | 99 | | | 9,519 | | | | | | | Remeasurement loss | — | | | (93,351) | | | Balance at March 31, 2025 | 8,584 | | | $ | 708,450 | | Additions (i) | 108 | | | 11,041 | | | | | | | Remeasurement gain | — | | | 212,165 | | | Balance at June 30, 2025 | 8,692 | | | $ | 931,656 | | | | | | | | | | | | | | | | | |
(i) Additions primarily represent the Company's purchases of bitcoin for investment purposes.
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