Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2023

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Financial assets and liabilities that are measured at fair value on a recurring basis are classified as Level 1, Level 2 and Level 3 as follows (in thousands):

	As of December 31, 2023
	Total		Level 1		Level 2		Level 3
Assets:
U.S. Treasury debt securities	$	17,398	$	17,398	$	—	$	—
Safeguarding asset for crypto	701,556		—		701,556		—
Total assets	$	718,954	$	17,398	$	701,556	$	—
Liabilities:
Safeguarding obligation for crypto	$	701,556	$	—	$	701,556	$	—
Warrant liability—public warrants	2,356		2,356		—		—
Total liabilities	$	703,912	$	2,356	$	701,556	$	—

	As of December 31, 2022
	Total		Level 1		Level 2		Level 3
Assets:
U.S. Treasury debt securities	$	141,062	$	141,062	$	—	$	—
Safeguarding asset for crypto	15,792		—		15,792		—
Total assets	$	156,854	$	141,062	$	15,792	$	—
Liabilities:
Safeguarding obligation for crypto	$	15,792	$	—	$	15,792	$	—
Warrant liability—public warrants	785		785		—		—
Total liabilities	$	16,577	$	785	$	15,792	$	—