v3.26.1
Subsequent Events (Details)
$ in Thousands
 1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Aug. 07, 2026
USD ($)
bitcoin
shares
Aug. 07, 2026
USD ($)
bitcoin
$ / bitcoin
shares
Jun. 30, 2026
USD ($)
bitcoin
shares
Jun. 30, 2026
USD ($)
bitcoin
shares
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
bitcoin
shares
Subsequent Event [Line Items]            
Cash and cash equivalents     $ 145,466 $ 145,466   $ 67,499
Proceeds from issuance of Class A common stock       306,248 $ 0  
Proceeds from issuance of preferred stock       $ 475,460 $ 0  
Class A Common Stock            
Subsequent Event [Line Items]            
Common stock, shares, outstanding (in shares) | shares     72,164,809 72,164,809   34,936,745
Class A Common Stock | ASST Sales Agreement            
Subsequent Event [Line Items]            
Shares issued (in shares) | shares     12,800,000 20,900,000    
Proceeds from issuance of Class A common stock     $ 211,300 $ 306,200    
Proceeds available to raise through issuance of stock     $ 2,200,000 $ 2,200,000    
Class B Common Stock            
Subsequent Event [Line Items]            
Common stock, shares, outstanding (in shares) | shares     9,780,018 9,780,018   9,776,540
Variable Rate Series A Perpetual Preferred Stock            
Subsequent Event [Line Items]            
Preferred stock, dividend rate       13.00%   12.25%
Variable Rate Series A Perpetual Preferred Stock | SATA Sales Agreement            
Subsequent Event [Line Items]            
Shares issued (in shares) | shares     3,500,000 3,600,000    
Proceeds from issuance of Class A common stock     $ 345,700 $ 356,700    
Proceeds available to raise through issuance of stock     $ 2,200,000 $ 2,200,000    
Bitcoin            
Subsequent Event [Line Items]            
Approximate number of bitcoin held (in bitcoins) | bitcoin     19,864 19,864   7,627
Subsequent Event            
Subsequent Event [Line Items]            
Cash and cash equivalents $ 154,900 $ 154,900        
Subsequent Event | Class A Common Stock            
Subsequent Event [Line Items]            
Common stock, shares, outstanding (in shares) | shares 75,649,368 75,649,368        
Subsequent Event | Class A Common Stock | ASST Sales Agreement            
Subsequent Event [Line Items]            
Shares issued (in shares) | shares   3,415,998        
Proceeds from issuance of Class A common stock   $ 43,000        
Proceeds available to raise through issuance of stock $ 2,120,000 $ 2,120,000        
Subsequent Event | Class B Common Stock            
Subsequent Event [Line Items]            
Common stock, shares, outstanding (in shares) | shares 9,792,535 9,792,535        
Subsequent Event | Variable Rate Series A Perpetual Preferred Stock            
Subsequent Event [Line Items]            
Preferred stock, shares outstanding (in shares) | shares 7,829,502 7,829,502        
Preferred stock, dividend rate 13.00%          
Subsequent Event | Variable Rate Series A Perpetual Preferred Stock | SATA Sales Agreement            
Subsequent Event [Line Items]            
Shares issued (in shares) | shares   0        
Proceeds available to raise through issuance of stock $ 2,240,000 $ 2,240,000        
Subsequent Event | STRC Stock            
Subsequent Event [Line Items]            
Investments in preferred equity, at fair value $ 48,000 $ 48,000        
Subsequent Event | Bitcoin            
Subsequent Event [Line Items]            
Approximate number of bitcoins purchased (in bitcoins) | bitcoin   303        
Average purchase price of bitcoin (in USD per bitcoin) | $ / bitcoin   64,494        
Approximate number of bitcoin held (in bitcoins) | bitcoin 20,167 20,167