| Summary of Changes in Bitcoin Investment |
The following table summarizes the changes in the Company’s bitcoin investment in the period (in thousands, except amount of bitcoin): | | | | | | | | | | | | | Amount of bitcoin | | Value | | Balance at December 31, 2023 | 8,038 | | | $ | 339,898 | | | | | | | | | | | Remeasurement gain | — | | | 233,404 | | | Balance at March 31, 2024 | 8,038 | | | $ | 573,302 | | | Additions | 173 | | | 11,398 | | | | | | | Remeasurement loss | — | | | (70,116) | | | Balance at June 30, 2024 | 8,211 | | | $ | 514,584 | | | Additions | 152 | | | 9,709 | | | | | | | Remeasurement gain | — | | | 5,288 | | | Balance at September 30, 2024 | 8,363 | | | $ | 529,581 | |
| | | | | | | | | | | | | 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 | — | | | 96,088 | | | Balance at March 31, 2023 | 8,038 | | | $ | 228,902 | | | | | | | | | | | Remeasurement gain | — | | | 16,014 | | | Balance at June 30, 2023 | 8,038 | | | $ | 244,916 | | | Remeasurement loss | — | | | (28,174) | | | Balance at September 30, 2023 | 8,038 | | | $ | 216,742 | |
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| Bitcoin Held on Behalf of Others |
The following table summarizes the Company’s bitcoin held for other parties (in thousands, except number of bitcoin): | | | | | | | | | | | | | September 30, 2024 | | December 31, 2023 | | | | | | | | | | Total approximate number of bitcoin held for other parties | 22,312 | | | 24,570 | | | | | | | | | | | | | | | Safeguarding obligation liability related to bitcoin held for other parties | $ | 1,412,948 | | | $ | 1,038,585 | | | Safeguarding asset related to bitcoin held for other parties | $ | 1,412,948 | | | $ | 1,038,585 | | | | | |
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