v3.24.0.1
BITCOIN (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Bitcoin The following table summarizes the changes in the Company’s bitcoin investment (in thousands, except number of bitcoin):
Amount of bitcoin
Value
Balance at December 31, 2022
8,038 $102,303 
Cumulative effect of adoption of ASU 2023-08
— 30,511 
Remeasurement gain
— 207,084 
Balance at December 31, 2023
8,038 $339,898 
The following table summarizes the changes in the Company's bitcoin for operating purposes (in thousands, except number of bitcoin):
Amount of bitcoin
Value
Balance at December 31, 2022
638 $10,941 
Additions
335,213 9,369,762 
Dispositions
(335,467)(9,364,010)
Balance at December 31, 2023
384 $16,693 
Bitcoin Held on Behalf of Others
The following table summarizes the Company’s bitcoin held for other parties (in thousands, except number of bitcoin):
December 31,
2023
December 31,
2022
Approximate amount of bitcoin held for customers24,570 25,850 
Approximate amount of bitcoin held for trading partners—62 
Total approximate amount of bitcoin held for other parties24,57025,912 
Safeguarding obligation liability related to bitcoin held for customers$1,038,585 $427,221 
Safeguarding obligation liability related to bitcoin held for trading partners— 1,022 
Safeguarding obligation liability related to bitcoin held for other parties$1,038,585 $428,243 
Safeguarding asset related to bitcoin held for other parties$1,038,585 $428,243