| Summary of Digital Asset Holdings |
The following table summarizes the Company’s digital asset holdings as of: | | | | | | | | | | | | | | (in thousands, except number of bitcoins) | | September 30,
2026 | | December 31,
2025 | | Approximate number of bitcoins held | | 847,666 | | | 672,500 | | | Digital asset cost basis | | $ | 63,945,036 | | | $ | 50,435,331 | | | Digital asset fair value | | $ | 70,824,007 | | | $ | 58,854,028 | |
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| Reconciliation of Digital Assets |
The following table summarizes the Company’s digital asset purchases, digital asset sales, and (gain) loss on digital assets for the periods indicated. | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended September 30, | | Nine Months Ended September 30, | | (in thousands, except number of bitcoins) | | 2026 | | 2025 | | 2026 | | 2025 | | Approximate number of bitcoins purchased | | 7,218 | | | 42,706 | | | 182,113 | | | 192,561 | | | Digital asset purchases | | $ | 588,093 | | | $ | 4,952,080 | | | $ | 14,260,194 | | | $ | 19,382,948 | | Approximate number of bitcoins sold | | 5,552 | | | — | | | 6,947 | | | — | | | Digital asset sales | | $ | 348,558 | | | — | | | $ | 431,763 | | | — | | | (Gain) loss on digital assets | | $ | (20,912,392) | | | $ | (3,890,847) | | | $ | 1,858,452 | | | $ | (12,032,356) | |
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