| Schedule of Major Categories of 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, | | | 2026 | | 2025 | | 2026 | | 2025 | | | | 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 balances | | 14,102 | | | 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) | | | |
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