Digital Assets (Tables)

9 Months Ended

Sep. 30, 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:

	September 30,		December 31,
	2024		2023
Approximate number of bitcoins held		252,220		189,150
Digital assets carrying value	$	6,850,879	$	3,626,476
Cumulative digital asset impairment losses	$	3,052,820	$	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 nine months ended September 30, 2024 or 2023, respectively.

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2024		2023		2024		2023
Approximate number of bitcoins purchased		25,889		5,912		63,070		25,745
Digital asset purchases	$	1,575,073	$	161,681	$	4,008,210	$	687,959
Digital asset impairment losses	$	412,084	$	33,559	$	783,807	$	76,613