v3.26.1
Digital Assets, at Fair Value (Tables)
6 Months Ended
Jun. 30, 2026
Intangible Asset, Excluding Goodwill, after Accumulated Amortization [Abstract]  
Schedule of Changes in Digital Assets
The following table provides a summary of the changes in the Company's digital assets, at fair value for the three and six months ended June 30, 2026 (in thousands):
Three Months Ended
June 30, 2026
Six Months Ended
June 30, 2026
Balance, beginning of period$929,396$668,486
Acquisitions463,274984,585
Release of bitcoin held as collateral upon extinguishment of Coinbase Loan35,377
Sales
Change in fair value(228,031)(523,809)
Balance, end of period$1,164,639 $1,164,639
Schedule of Investments in Digital Assets
The Company's investments in digital assets, at fair value are summarized below. The Company did not hold any investments in digital assets prior to September 12, 2025.
June 30, 2026December 31, 2025
Approximate number of bitcoin held19,8647,627
Aggregate bitcoin cost basis$1,882,956 $862,994 
Aggregate bitcoin fair value$1,164,639 $668,486 
Weighted average acquisition cost$94,793 $113,153 
Fair value per bitcoin$58,631 $87,650