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Digital Assets
9 Months Ended
Sep. 30, 2020
Intangible Assets Net Excluding Goodwill [Abstract]  
Digital Assets

(4) Digital Assets

 

During the three months ended September 30, 2020, the Company purchased approximately 38,250 bitcoins for $425.0 million in cash. During the three months ended September 30, 2020, the Company incurred $44.2 million of impairment losses on its bitcoin. As of September 30, 2020, the carrying value of the Company’s bitcoin was $380.8 million, which reflects cumulative impairments of $44.2 million.  The carrying value represents the lowest fair value of the bitcoins at any time since their acquisition.  The Company did not sell any of its bitcoins during the three months ended September 30, 2020.