v3.25.3
Subsequent Events (Details)
$ / shares in Units, $ in Thousands
1 Months Ended
Nov. 17, 2025
$ / shares
Nov. 10, 2025
USD ($)
day
$ / shares
shares
Nov. 07, 2025
USD ($)
bitcoin
$ / bitcoin
shares
Sep. 30, 2025
USD ($)
$ / shares
shares
Sep. 12, 2025
shares
Dec. 31, 2024
shares
Subsequent Event [Line Items]            
Warrants exercised | $       $ 0    
Preferred stock, stated value (in USD per share) | $ / shares       $ 0.001    
PIPE Pre-Funded Warrants            
Subsequent Event [Line Items]            
Warrants outstanding (in shares)       177,246,462 0  
PIPE Traditional Warrants            
Subsequent Event [Line Items]            
Warrants outstanding (in shares)       545,629,627 0  
Class A Common Stock            
Subsequent Event [Line Items]            
Common stock, shares, outstanding (in shares)       448,817,597   0
Class A Common Stock | Sales Agreement            
Subsequent Event [Line Items]            
Shares issued (in shares)       11,000,000    
Proceeds from sale of stock | $       $ 59,200    
Proceeds available to raise through issuance of stock | $       $ 390,800    
Class B Common Stock            
Subsequent Event [Line Items]            
Common stock, shares, outstanding (in shares)       218,035,473   0
Bitcoin            
Subsequent Event [Line Items]            
Bitcoin purchase amount | $       $ 683,046    
Subsequent Event            
Subsequent Event [Line Items]            
Dividend declared date Nov. 17, 2025          
Dividend payable (in dollars per share) | $ / shares $ 1.1333          
Dividend payable date Dec. 15, 2025          
Dividend record date Dec. 01, 2025          
Subsequent Event | PIPE Pre-Funded Warrants            
Subsequent Event [Line Items]            
Warrants exercised (in shares)     113,072,210      
Warrants outstanding (in shares)     64,174,252      
Subsequent Event | PIPE Traditional Warrants            
Subsequent Event [Line Items]            
Warrants exercised (in shares)     11,073,518      
Warrants outstanding (in shares)     534,556,109      
Warrants exercised | $     $ 14,900      
Subsequent Event | Class A Common Stock            
Subsequent Event [Line Items]            
Common stock, shares, outstanding (in shares)     592,579,510      
Subsequent Event | Class A Common Stock | Sales Agreement            
Subsequent Event [Line Items]            
Shares issued (in shares)     2,375,138      
Proceeds from sale of stock | $     $ 6,200      
Proceeds available to raise through issuance of stock | $     $ 384,600      
Subsequent Event | Class B Common Stock            
Subsequent Event [Line Items]            
Common stock, shares, outstanding (in shares)     222,904,100      
Subsequent Event | Variable Rate Series A Perpetual Preferred Stock            
Subsequent Event [Line Items]            
Preferred stock, stated value (in USD per share) | $ / shares   $ 100        
Preferred stock, dividend rate   12.00%        
Preferred stock, maximum reduction of dividend rate   0.25%        
Preferred stock, dividend rate initial term   3 months        
Preferred stock, threshold consecutive trading days | day   20        
Preferred stock, threshold value per share to reduce dividend rate (in USD per share) | $ / shares   $ 100        
Preferred stock, threshold value per share during preceding dividend period to reduce dividend rate (in USD per share) | $ / shares   $ 99        
Preferred stock, compounded dividend rate increase   0.25%        
Preferred stock, maximum dividend rate   20.00%        
Subsequent Event | Variable Rate Series A Perpetual Preferred Stock | Minimum            
Subsequent Event [Line Items]            
Preferred stock, intended stated value (in USD per share) | $ / shares   $ 95        
Subsequent Event | Variable Rate Series A Perpetual Preferred Stock | Maximum            
Subsequent Event [Line Items]            
Preferred stock, intended stated value (in USD per share) | $ / shares   $ 105        
Subsequent Event | Variable Rate Series A Perpetual Preferred Stock | Public Stock Offering            
Subsequent Event [Line Items]            
Shares issued (in shares)   2,000,000        
Proceeds from sale of stock | $   $ 149,300        
Sale of stock, price per share (in USD per share) | $ / shares   $ 80        
Subsequent Event | Bitcoin            
Subsequent Event [Line Items]            
Approximate number of bitcoins purchased (in bitcoins) | bitcoin     1,639.4      
Average purchase price of bitcoin (in USD per bitcoin) | $ / bitcoin     103,799.81      
Bitcoin purchase amount | $     $ 170,200