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Other income (expense), net
 9 Months Ended
Sep. 30, 2026
Other Income and Expenses [Abstract]  
Other income (expense), net
12. Other income (expense), net
The following table presents our major categories of Other income (expense), net (in thousands):
Table 12.1. Other income (expense), net
Three months ended September 30,Nine months ended September 30,
2026202520262025
Realized and unrealized gains (losses), net, on digital assets held for investment, other related investments, and strategic investments$18,545 $2,267 $18,922 $(258)
Impairment losses on strategic investments
— (500)(366)(1,006)
Interest income on corporate balances14,102 13,453 42,328 31,370 
Changes in fair value of convertible debt, warrant liability, embedded derivatives and U.S. Treasury securities(13,916)56,212 (19,900)(113,894)
Interest expense, net of amortization of discounts and premiums
(24)(354)(126)(1,033)
Foreign currency exchange gains (losses)1,153 655 7,749 (7,950)
Other, net 55 338 938 1,318 
Total other income (expense), net
$19,915 $72,071 $49,545 $(91,453)