v3.25.3
Digital Assets (Tables)
9 Months Ended
Sep. 30, 2025
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Schedule of Changes in Digital Assets
The following table provides a summary of the changes in the Company’s digital assets, at fair value for the period from September 12, 2025 to September 30, 2025 (in thousands):

 
 
 
 
 
 
 
Period from
September 12, 2025
to September 30, 2025
Balance, beginning of period
 
 
$—
Acquisitions
 
 
683,046
Sales
 
 
—
Aggregate cost basis
 
 
683,046
Change in fair value
 
 
(10,133)
Balance, end of period
 
 
$672,913
 
 
 
 
Schedule of Investments in Digital Assets
The Company’s investments in digital assets are summarized below. The Company did not hold any investments in digital assets prior to September 12, 2025.

 
 
 
 
 
 
 
 
 
 
September 30, 2025
 
 
December 31, 2024
Approximate number of bitcoin held
 
 
5,886
 
 
—
Weighted average acquisition cost
 
 
116,053
 
 
—
Fair value per bitcoin
 
 
114,332
 
 
—