Strategic Investments (Tables)

12 Months Ended

Dec. 31, 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):

	Year Ended December 31, 2022								Year Ended December 31, 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		56,914		459		17,233		74,606		45,500		—		45,500
Observable price changes:
Realized gains		—		—		—		—		12,312		—		12,312
Unrealized gains		44,376		28,539		—		72,915		28,009		534		28,543
Unrealized losses		(1,108)		—		—		(1,108)		—		—		—
Exercises		96,719		(30,089)		—		66,630		—		—		—
Sales		—		—		—		—		(14,546)		—		(14,546)
Balance, end of period	$	277,676	$	1,654	$	17,233	$	296,563	$	80,775	$	2,745	$	83,520

	Inception to date
	Strategic investments		Warrants			Call options	Total
Investments	$	109,482	$	3,047	$	17,233	$	129,762
Observable price changes:
Realized gains		12,312		—		—		12,312
Unrealized gains		74,817		29,073		—		103,890
Unrealized losses		(1,108)		(377)		—		(1,485)
Exercises		96,719		(30,089)		—		66,630
Sales		(14,546)		—		—		(14,546)
Balance, end of period	$	277,676	$	1,654	$	17,233	$	296,563