Related Party Transactions (Details) |
1 Months Ended | 3 Months Ended | 6 Months Ended | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
May 14, 2026
USD ($)
crypto_unit
$ / shares
shares
|
Jan. 31, 2026
USD ($)
|
Jun. 30, 2026
USD ($)
crypto_unit
|
Jun. 30, 2025
USD ($)
|
Jun. 30, 2026
USD ($)
crypto_unit
|
Jun. 30, 2025
USD ($)
|
Dec. 31, 2025
USD ($)
|
Dec. 31, 2024
USD ($)
|
|||||||
| Related Party Transaction [Line Items] | ||||||||||||||
| Crypto assets held: | $ 331,048,000 | $ 331,048,000 | $ 439,622,000 | $ 470,101,000 | ||||||||||
| General and administrative expense | [1] | 20,585,000 | $ 19,248,000 | 42,265,000 | $ 33,247,000 | |||||||||
| Technology expense | [2] | 18,758,000 | 17,799,000 | 40,848,000 | 34,473,000 | |||||||||
| Accrued expenses | 37,081,000 | 37,081,000 | 42,679,000 | |||||||||||
| Accounts receivable, net | [3] | 24,425,000 | 24,425,000 | 30,887,000 | ||||||||||
| Bitcoin | ||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||
| Crypto assets held: | $ 323,893,000 | 323,893,000 | 420,635,000 | $ 412,115,000 | ||||||||||
| Private Placement | Bitcoin | ||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||
| Crypto assets received (in units) | crypto_unit | 1,258 | |||||||||||||
| Crypto assets held: | $ 57,900,000 | 57,900,000 | ||||||||||||
| Related Party | ||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||
| Initial agreement term | 1 year | |||||||||||||
| Fixed monthly rate | $ 400,000 | |||||||||||||
| Threshold for fees, costs or expenses to be waived | $ 1,000,000 | |||||||||||||
| General and administrative expense | 0 | 100,000 | 400,000 | 100,000 | ||||||||||
| Technology expense | 0 | 100,000 | 0 | 200,000 | ||||||||||
| Accrued expenses | 0 | 0 | 0 | |||||||||||
| Revenue | 400,000 | $ 600,000 | 700,000 | $ 1,200,000 | ||||||||||
| Accounts receivable, net | 100,000 | 100,000 | $ 100,000 | |||||||||||
| Related Party | Services Agreement | ||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||
| General and administrative expense | $ 0 | |||||||||||||
| Related Party | Bitcoin | ||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||
| Crypto assets , consideration paid on transaction | crypto_unit | 1,258 | |||||||||||||
| Related Party | Private Placement | ||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||
| Crypto assets received (in units) | crypto_unit | 988 | |||||||||||||
| Crypto assets held: | $ 57,900,000 | $ 57,900,000 | ||||||||||||
| Related Party | Common Class A | Private Placement | ||||||||||||||
| Related Party Transaction [Line Items] | ||||||||||||||
| Shares issued and sold (in shares) | shares | 7,142,857 | |||||||||||||
| Price per share of shares issued and sold (in dollars per share) | $ / shares | $ 14.00 | |||||||||||||
| Net proceeds from shares issued and sold | $ 100,000,000.0 | |||||||||||||
| ||||||||||||||