Strategic Investments (Tables)

12 Months Ended

Dec. 31, 2023

Strategic Investments

Schedule of Roll-Forward of Strategic Investments

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

	Year Ended December 31, 2023								Year Ended December 31, 2022
	Strategic investments		Warrants			Call options	Total		Strategic investments		Warrants			Call Options		Total
Balance, beginning of period	$	277,676	$	1,654	$	17,233	$	296,563	$	80,775	$	2,745	$	—	$	83,520
Investments		15,016		1,176		—		16,192		56,914		459		17,233		74,606
Fair value adjustments
Unrealized gains		—		—		—		—		44,376		28,539		—		72,915
Unrealized losses and impairments		(81,196)		(1,329)		—		(82,525)		(1,108)		—		—		(1,108)
Exercises		1,500		—		—		1,500		96,719		(30,089)		—		66,630
Balance, end of period	$	212,996	$	1,501	$	17,233	$	231,730	$	277,676	$	1,654	$	17,233	$	296,563

	Inception to date
	Strategic investments		Warrants			Call options	Total
Investments	$	124,498	$	4,222	$	17,233	$	145,953
Fair value adjustments
Realized gains		12,312		—		—		12,312
Unrealized gains		74,817		29,073		—		103,890
Unrealized losses and impairments		(82,304)		(1,705)		—		(84,009)
Exercises		98,219		(30,089)		—		68,130
Sales		(14,546)		—		—		(14,546)
Balance, end of period	$	212,996	$	1,501	$	17,233	$	231,730