Strategic Investments (Tables)

6 Months Ended

Jun. 30, 2022

Strategic Investments

Schedule of Roll-Forward of Strategic Investments

The following tables provide a roll-forward of the balance of strategic investments (in thousands):

	Six Months Ended June 30, 2022								Six Months Ended June 30, 2021
	Strategic investments		Warrants			Call options	Total		Strategic investments		Warrants			Total
Balance, beginning of period	$	80,775	$	2,745	$	—	$	83,520	$	9,500	$	2,211	$	11,711
Investments		45,160		—		16,340		61,500		20,500		—		20,500
Observable price changes (1)		41,502		28,539		—		70,041		40,321		534		40,855
Exercises		96,719		(30,089)		—		66,630		—		—		—
Sales		—		—		—		—		(14,546)		—		(14,546)
Balance, end of period	$	264,156	$	1,195	$	16,340	$	281,691	$	55,775	$	2,745	$	58,520

	Inception to date
	Strategic investments		Warrants			Call options	Total
Investments	$	97,728	$	2,588	$	16,340	$	116,656
Observable price changes (1)		84,255		28,696		—		112,951
Exercises		96,719		(30,089)		—		66,630
Sales		(14,546)		—		—		(14,546)
Balance, end of period	$	264,156	$	1,195	$	16,340	$	281,691

(1) Includes a realized gain of $12.3 million for the six months ended June 30, 2021.