Digital Assets (Tables)

3 Months Ended

Mar. 31, 2024

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Summary of Digital Asset Holdings, Digital Asset Purchases and Digital Asset Impairment Losses

The following table summarizes the Company’s digital asset holdings (in thousands, except number of bitcoins), as of:

	March 31,		December 31,
	2024		2023
Approximate number of bitcoins held		214,278		189,150
Digital assets carrying value	$	5,074,152	$	3,626,476
Cumulative digital asset impairment losses	$	2,460,646	$	2,269,013

The following table summarizes the Company’s digital asset purchases and digital asset impairment losses (in thousands, except number of bitcoins) for the periods indicated. The Company did not sell any of its bitcoins during the three months ended March 31, 2024 or 2023, respectively.

	Three Months Ended
	March 31,
	2024		2023
Approximate number of bitcoins purchased		25,128		7,500
Digital asset purchases	$	1,639,309	$	179,275
Digital asset impairment losses	$	191,633	$	18,911