Cryptocurrencies

6 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

(12) Cryptocurrencies

Cryptocurrency transactions

The following tables present additional information about the cost basis and fair value of cryptocurrencies, including those allocated to the Company's treasury strategy (in thousands, except units):


Cryptocurrency Inventory (1)	June 30, 2025						December 31, 2024
	Units		Cost Basis		Fair Value		Carrying Value
Bitcoin (BTC)		7.58	$	806	$	814	$	949

(1) As of June 30, 2025 and December 31, 2024, the Company had an insignificant amount of Ethereum.


Cryptocurrency Investments	June 30, 2025						December 31, 2024
	Units		Cost Basis		Fair Value		Carrying Value
Bitcoin (BTC)		100.35	$	9,095	$	10,749	$	561

Cryptocurrency investment balance is classified as a short-term asset due to anticipation that the assets will be used to provide short-term liquidity.

As of June 30, 2025 and December 31, 2024, the Company had $2.7 million and $2.2 million due to liquidity providers related to Bitcoin purchased during the period. These amounts are paid in cash, generally within one week from which the expenses are incurred and are presented within “Accrued expenses and other current liabilities” on the Consolidated Balance Sheet.