v3.26.3
Subsequent Events (Details)
$ in Thousands
 1 Months Ended 3 Months Ended 8 Months Ended 9 Months Ended 12 Months Ended
Oct. 30, 2026
USD ($)
bitcoin
shares
Oct. 20, 2026
Oct. 30, 2026
USD ($)
bitcoin
$ / bitcoin
shares
Sep. 30, 2025
USD ($)
shares
Sep. 30, 2026
USD ($)
bitcoin
shares
Sep. 11, 2025
USD ($)
Sep. 30, 2026
USD ($)
bitcoin
shares
Dec. 31, 2025
USD ($)
bitcoin
shares
Subsequent Event [Line Items]                
Cash and cash equivalents         $ 285,405   $ 285,405 $ 67,499
Proceeds from issuance of Class A common stock       $ 525,610   $ 0 577,867  
Proceeds from issuance of preferred stock       $ 0   $ 0 $ 986,621  
Class A Common Stock                
Subsequent Event [Line Items]                
Common stock, shares, outstanding (in shares) | shares         88,814,706   88,814,706 34,936,745
Class A Common Stock | ASST Sales Agreement                
Subsequent Event [Line Items]                
Shares issued (in shares) | shares       500,000 14,400,000   35,300,000  
Proceeds from issuance of Class A common stock       $ 59,200 $ 271,600   $ 577,900  
Proceeds available to raise through issuance of stock         $ 1,900,000   $ 1,900,000  
Class B Common Stock                
Subsequent Event [Line Items]                
Common stock, shares, outstanding (in shares) | shares         9,198,036   9,198,036 9,776,540
Variable Rate Series A Perpetual Preferred Stock                
Subsequent Event [Line Items]                
Preferred stock, dividend rate             13.00% 12.25%
Variable Rate Series A Perpetual Preferred Stock | SATA Sales Agreement                
Subsequent Event [Line Items]                
Shares issued (in shares) | shares         5,100,000   8,700,000  
Proceeds available to raise through issuance of stock         $ 1,700,000   $ 1,700,000  
Proceeds from issuance of preferred stock         $ 511,200   $ 867,800  
Bitcoin                
Subsequent Event [Line Items]                
Approximate number of bitcoin held (in bitcoins) | bitcoin         28,000   28,000 7,627
Subsequent Event                
Subsequent Event [Line Items]                
Cash and cash equivalents $ 490,400   $ 490,400          
Subsequent Event | Class A Common Stock                
Subsequent Event [Line Items]                
Common stock, shares, outstanding (in shares) | shares 118,117,620   118,117,620          
Subsequent Event | Class A Common Stock | ASST Sales Agreement                
Subsequent Event [Line Items]                
Shares issued (in shares) | shares     5,330,150          
Proceeds from issuance of Class A common stock     $ 157,500          
Proceeds available to raise through issuance of stock $ 1,740,000   $ 1,740,000          
Subsequent Event | Class B Common Stock                
Subsequent Event [Line Items]                
Common stock, shares, outstanding (in shares) | shares 9,213,489   9,213,489          
Subsequent Event | Variable Rate Series A Perpetual Preferred Stock                
Subsequent Event [Line Items]                
Preferred stock, shares outstanding (in shares) | shares 14,030,176   14,030,176          
Preferred stock, dividend rate 13.00%              
Subsequent Event | Variable Rate Series A Perpetual Preferred Stock | SATA Sales Agreement                
Subsequent Event [Line Items]                
Shares issued (in shares) | shares     1,089,555          
Proceeds available to raise through issuance of stock $ 1,620,000   $ 1,620,000          
Proceeds from issuance of preferred stock     $ 109,000          
Subsequent Event | 15.00% Series A Perpetual SATS Preferred Stock, $0.001 par value per share                
Subsequent Event [Line Items]                
Preferred stock, shares outstanding (in shares) | shares 7,003,418   7,003,418          
Preferred stock, dividend rate   15.00%            
Subsequent Event | 15.00% Series A Perpetual SATS Preferred Stock, $0.001 par value per share | SATS Sales Agreement                
Subsequent Event [Line Items]                
Shares issued (in shares) | shares     3,418          
Proceeds available to raise through issuance of stock $ 999,700   $ 999,700          
Proceeds from issuance of preferred stock     300          
Subsequent Event | STRC Stock                
Subsequent Event [Line Items]                
Investments in preferred equity, at fair value $ 50,100   $ 50,100          
Subsequent Event | Bitcoin                
Subsequent Event [Line Items]                
Approximate number of bitcoins purchased (in bitcoins) | bitcoin     15,124          
Average purchase price of bitcoin (in USD per bitcoin) | $ / bitcoin     83,310          
Approximate number of bitcoin held (in bitcoins) | bitcoin 43,124   43,124