XML 78 R65.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Subsequent Events - Additional Information (Detail)
1 Months Ended 3 Months Ended 6 Months Ended
Aug. 01, 2024
USD ($)
Jul. 15, 2024
USD ($)
shares
Jul. 15, 2024
USD ($)
Jul. 11, 2024
Aug. 05, 2024
USD ($)
Bitcoin
Sep. 30, 2024
USD ($)
Jun. 30, 2024
USD ($)
Bitcoin
shares
Jun. 30, 2023
USD ($)
Bitcoin
Jun. 30, 2024
USD ($)
Bitcoin
Jun. 30, 2023
USD ($)
Bitcoin
Jul. 14, 2024
USD ($)
Jun. 13, 2024
USD ($)
Subsequent Event [Line Items]                        
Number of Bitcoins Purchased | Bitcoin             12,053 12,333 37,181 19,833    
Purchase of bitcoins, value             $ 793,828,000 $ 347,003,000 $ 2,433,137,000 $ 526,278,000    
Digital asset impairment losses             180,090,000 $ 24,143,000 371,723,000 43,054,000    
Redemption price in cash                 $ 44,000 $ 0    
Subsequent Event                        
Subsequent Event [Line Items]                        
Number of Bitcoins Purchased | Bitcoin         169              
Purchase of bitcoins, value         $ 11,400,000              
Purchase price per bitcoins         $ 67,483              
Stockholders' Equity Note, Stock Split       On July 11, 2024, the Company announced a 10-for-1 stock split of the Company’s class A common stock and class B common stock. The stock split will be effected by means of a stock dividend to the holders of record of the Company’s class A common stock and class B common stock as of the close of business on August 1, 2024, the record date for the dividend. The dividend is expected to be distributed after the close of trading on August 7, 2024. Trading is expected to commence on a split-adjusted basis at market open on August 8, 2024.                
Stock split, conversion ratio       10                
2028 Secured Term Loan | Collateral Pledged | Subsequent Event                        
Subsequent Event [Line Items]                        
Number of Bitcoins Purchased | Bitcoin         169              
Convertible Senior Notes due 2025                        
Subsequent Event [Line Items]                        
Debt instrument, redemption, description                 On June 13, 2024, the Company announced that it delivered a notice of redemption (the “Redemption Notice”) to the trustee of the 2025 Convertible Notes for redemption of all $650.0 million in aggregate principal amount of the 2025 Convertible Notes then outstanding on July 15, 2024 (the “Redemption Date”). Due to the Company’s issuance of the Redemption Notice, the 2025 Convertible Notes became convertible at the option of the holders of such notes from the delivery of the Redemption Notice until 5:00 p.m., New York City time, on July 11, 2024. The Company elected to satisfy its conversion obligation with respect to the 2025 Convertible Notes by delivering solely shares of its class A common stock, together with cash in lieu of any fractional shares. Holders of the 2025 Convertible Notes requested to convert $649.7 million in principal amount of the 2025 Convertible Notes prior to the Redemption Date. The Company settled conversion requests in respect of $504.4 million in principal amount of the 2025 Convertible Notes during the quarter ended June 30, 2024, resulting in the issuance of 1,267,240 shares of the Company’s class A common stock and payment of a nominal amount of cash in lieu of fractional shares, and settled conversion requests in respect of $145.3 million in principal amount of the 2025 Convertible Notes during the period from July 1, 2024 to July 15, 2024, resulting in the issuance of 365,065 shares of the Company’s class A common stock and payment of a nominal amount of cash in lieu of fractional shares, in each case in accordance with the terms and provisions of the indenture governing the 2025 Convertible Notes. On the Redemption Date, the Company redeemed $0.3 million aggregate principal amount of 2025 Convertible Notes, constituting all of the 2025 Convertible Notes then outstanding, at an aggregate redemption price of $0.3 million in cash, equal to 100% of the principal amount of the 2025 Convertible Notes redeemed, plus accrued and unpaid interest, to but excluding the Redemption Date.      
Debt Instrument, Face Amount             650,000,000   $ 650,000,000     $ 650,000,000
Convertible Senior Notes due 2025 | Class A                        
Subsequent Event [Line Items]                        
Debt Instrument, Face Amount             $ 504,400,000   $ 504,400,000      
Debt instrument, issuance of conversion shares | shares             1,267,240          
Convertible Senior Notes due 2025 | Subsequent Event                        
Subsequent Event [Line Items]                        
Debt Instrument, Face Amount   $ 300,000 $ 300,000                  
Redemption price in cash     $ 300,000                  
Debt instrument, redemption price, percentage of principal amount redeemed     100.00%                  
Convertible Senior Notes due 2025 | Subsequent Event | Class A                        
Subsequent Event [Line Items]                        
Debt Instrument, Face Amount   $ 145,300,000 $ 145,300,000               $ 649,700,000  
Debt instrument, issuance of conversion shares | shares   365,065                    
Maximum | Subsequent Event | Class A | August 2024 Sales Agreement | TD Securities (USA) LLC, The Benchmark Company, LLC, BTIG, LLC, Canaccord Genuity LLC, Maxim Group LLC and SG Americas Securities, LLC                        
Subsequent Event [Line Items]                        
Aggregate offering $ 2,000,000,000                      
Scenario Forecast                        
Subsequent Event [Line Items]                        
Digital asset impairment losses           $ 275,500,000