v3.26.1
Fair Value Measurements - Schedule of Fair Value Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
Assets      
Restricted cash equivalents: $ 1,703 $ 1,674  
Crypto assets held: 331,048 439,622 $ 470,101
Accounts receivable, net: (193) (371)  
Equity securities 228 357  
Crypto asset futures 212 69  
Warrants 559 851  
Total assets 333,557 463,444  
Liabilities      
Related party loans: 59,310 188,576  
Crypto asset collateral payable 480 904  
Derivative liability 182 82  
Total liabilities 59,972 189,562  
Crypto asset options      
Assets      
Crypto asset futures 179 69  
Liabilities      
Derivative liability 182 69  
Crypto asset futures      
Assets      
Crypto asset futures 33 0  
Liabilities      
Derivative liability 0 13  
Bitcoin      
Assets      
Crypto assets held: 323,893 420,635 412,115
Ether      
Assets      
Crypto assets held: 3,291 8,072 17,562
Other crypto assets      
Assets      
Crypto assets held: 3,864 10,915 $ 40,424
Level 1      
Assets      
Restricted cash equivalents: 1,703 1,674  
Accounts receivable, net: 0 0  
Equity securities 228 357  
Warrants 0 0  
Total assets 332,979 462,895  
Liabilities      
Related party loans: 0 0  
Crypto asset collateral payable 0 0  
Total liabilities 0 0  
Level 1 | Crypto asset options      
Assets      
Crypto asset futures 0 0  
Liabilities      
Derivative liability 0 0  
Level 1 | Crypto asset futures      
Assets      
Crypto asset futures 0    
Liabilities      
Derivative liability 0 0  
Level 1 | Bitcoin      
Assets      
Crypto assets held: 323,893 420,635  
Level 1 | Ether      
Assets      
Crypto assets held: 3,291 8,072  
Level 1 | Other crypto assets      
Assets      
Crypto assets held: 3,864 10,915  
Level 2      
Assets      
Restricted cash equivalents: 0 0  
Accounts receivable, net: (193) (371)  
Equity securities 0 0  
Warrants 0 0  
Total assets 19 (302)  
Liabilities      
Related party loans: 59,310 188,576  
Crypto asset collateral payable 480 904  
Total liabilities 59,972 189,562  
Level 2 | Crypto asset options      
Assets      
Crypto asset futures 179 69  
Liabilities      
Derivative liability 182 69  
Level 2 | Crypto asset futures      
Assets      
Crypto asset futures 33    
Liabilities      
Derivative liability 0 13  
Level 2 | Bitcoin      
Assets      
Crypto assets held: 0 0  
Level 2 | Ether      
Assets      
Crypto assets held: 0 0  
Level 2 | Other crypto assets      
Assets      
Crypto assets held: 0 0  
Level 3      
Assets      
Restricted cash equivalents: 0 0  
Accounts receivable, net: 0 0  
Equity securities 0 0  
Warrants 559 851  
Total assets 559 851  
Liabilities      
Related party loans: 0 0  
Crypto asset collateral payable 0 0  
Total liabilities 0 0  
Level 3 | Crypto asset options      
Assets      
Crypto asset futures 0 0  
Liabilities      
Derivative liability 0 0  
Level 3 | Crypto asset futures      
Assets      
Crypto asset futures 0    
Liabilities      
Derivative liability 0 0  
Level 3 | Bitcoin      
Assets      
Crypto assets held: 0 0  
Level 3 | Ether      
Assets      
Crypto assets held: 0 0  
Level 3 | Other crypto assets      
Assets      
Crypto assets held: $ 0 $ 0