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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 47,499 $ 52,882
Restricted cash 34,031 31,838
Customer funds 53,330 32,925
Available-for-sale securities 13,170 17,398
Accounts receivable, net 24,437 29,664
Prepaid insurance 5,944 13,049
Safeguarding asset for crypto 974,486 701,556
Other current assets 4,508 3,332
Total current assets 1,157,405 882,644
Property, equipment and software, net 1,931 60
Goodwill 68,001 68,001
Intangible assets, net 2,900 2,900
Other assets 12,665 13,262
Total assets 1,242,902 966,867
Current liabilities:    
Accounts payable and accrued liabilities 39,284 55,379
Customer funds payable 53,330 32,925
Deferred revenue, current 2,317 4,282
Safeguarding obligation for crypto 974,486 701,556
Total current liabilities 1,077,385 802,074
Deferred revenue, noncurrent 2,753 3,198
Warrant liability 38,757 2,356
Other noncurrent liabilities 21,428 23,525
Total liabilities 1,140,323 831,153
Commitments and contingencies (Note 14)
Additional paid-in capital 824,023 799,683
Accumulated other comprehensive loss (341) (101)
Accumulated deficit (775,890) (751,301)
Total stockholders’ equity 47,794 48,282
Noncontrolling interest 54,785 87,432
Total equity 102,579 135,714
Total liabilities and stockholders’ equity 1,242,902 966,867
Platform Operator, Crypto-Asset, Unsettled Trades Liability 1,453 996
Related Party    
Current liabilities:    
Other current liabilities 2,660 3,230
Nonrelated Party    
Current liabilities:    
Other current liabilities 3,855 3,706
Class A Common Stock    
Current liabilities:    
Common stock, value 1 0
Class V Common Stock    
Current liabilities:    
Common stock, value $ 1 $ 1