Prepaid expenses and other current assets

6 Months Ended

12 Months Ended

Jun. 30, 2025

Dec. 31, 2024

20.	Prepaid expenses and other current assets

Prepaid expenses and other current assets includes the following (in thousands):


Table 20.1 Details of Prepaid Expenses and Other Current Assets
	June 30, 2025		December 31, 2024
Reserve income receivable	$	187,897	$	138,889
Prepaid expenses		19,027		15,602
Deferred offering costs		—		4,235
Digital financial assets		532		14,328
Income tax receivable		1,567		8,507
Other		7,581		5,967

Total prepaid expenses and other current assets	$	216,604	$	187,528

21. Prepaid expenses and other current assets

Prepaid expenses and other current assets includes the following (in thousands):

Table 21. Details of Prepaid Expenses and Other Current Assets


	December 31, 2024		December 31, 2023
Reserve income receivable	$	138,889	$	101,190
Income tax receivable		8,507		25,647
Prepaid expenses		15,602		14,394
Digital financial assets		14,328		—
Deferred offering costs		4,235		782
Other		5,967		4,632

Total prepaid expenses and other current assets	$	187,528	$	146,645