Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2024

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 June 30, 2024
	Total		Level 1		Level 2		Level 3
Assets:
U.S. Treasury debt securities	$	13,170	$	13,170	$	—	$	—
Safeguarding asset for crypto	974,486		—		974,486		—
Total Assets	$	987,656	$	13,170	$	974,486	$	—
Liabilities:
Safeguarding obligation for crypto	974,486		—		974,486		—
Warrant liability - Class 1 and Class 2 warrants	37,543		—		—		37,543
Warrant liability - public warrants	1,214		1,214		—		—
Total Liabilities	$	1,013,243	$	1,214	$	974,486	$	37,543

	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	$	—