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Digital Assets, Net (Tables) | 12 Months Ended
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Dec. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Schedule of Digital Assets | The table below summarizes the amounts shown on our consolidated balance sheet as of December 31, 2024 (in millions except units of digital assets).
| December 31, 2024
| Units |  | Cost Basis |  | Fair Value
Digital assets held: |  |  |  |  |
Bitcoin | 11,509 |  | $ | 386 |  |  | $ | 1,074 |
Other |  |  | 1 |  |  | 2 |
Total |  |  | 387 |  |  | 1,076 |
Schedule of Crypto Asset, Activity | The following table provides details of the activities related to our digital assets for the year ended December 31, 2024 (in millions):
Beginning balance at fair value | $ | 487 |
Unrealized gains, net | 589
Ending balance | $ | 1,076 |
Schedule of Quarterly Financial Information | The following tables present summarized unaudited quarterly financial statement data for those impacted line items based on the Company’s adoption of the new crypto assets standard as described in Note 2, Summary of Significant Accounting Policies (in millions, except per share data):
| As of:
Consolidated Balance Sheets (unaudited): | March 31, 2024 |  | June 30, 2024 |  | September 30, 2024 |  |
Digital assets, net |  |  |  |  |  |  |
Before adoption | $ | 184 |  |  | $ | 184 |  |  | $ | 184 |  |  |
Adjustments | 638 |  |  | 538 |  |  | 545 |  |  |
As adjusted | $ | 822 |  |  | $ | 722 |  |  | $ | 729 |  |  |
Deferred tax assets |  |  |  |  |  |  |
Before adoption | $ | 6,769 |  |  | $ | 6,692 |  |  | $ | 6,486 |  |  |
Adjustments | (141) |  |  | (119) |  |  | (120) |  |  |
As adjusted | $ | 6,628 |  |  | $ | 6,573 |  |  | $ | 6,366 |  |  |
| Three Months Ended
Condensed Consolidated Statements of Operations (unaudited): | March 31, 2024 |  | June 30, 2024 |  | September 30, 2024 |  |
Other income (expense), net |  |  |  |  |  |  |
Before adoption | $ | 108 |  |  | $ | 20 |  |  | $ | (270) |  |  |
Adjustments | 335 |  |  | (100) |  |  | 7 |  |  |
As adjusted | $ | 443 |  |  | $ | (80) |  |  | $ | (263) |  |  |
Provision for (benefit from) income taxes |  |  |  |  |  |  |
Before adoption | $ | 409 |  |  | $ | 393 |  |  | $ | 601 |  |  |
Adjustments | 74 |  |  | (22) |  |  | 1 |  |  |
As adjusted | $ | 483 |  |  | $ | 371 |  |  | $ | 602 |  |  |
Net income attributable to common stockholders |  |  |  |  |  |  |
Before adoption | $ | 1,129 |  |  | $ | 1,478 |  |  | $ | 2,167 |  |  |
Adjustments | 261 |  |  | (78) |  |  | 6 |  |  |
As adjusted | $ | 1,390 |  |  | $ | 1,400 |  |  | $ | 2,173 |  |  |
Net income per share of common stock attributable to common stockholders |  |  |  |  |  |  |
Basic |  |  |  |  |  |  |
Before adoption | $ | 0.37 |  |  | $ | 0.46 |  |  | $ | 0.68 |  |  |
Adjustments | 0.08 |  |  | (0.02) |  |  | — |  |  |
As adjusted | $ | 0.45 |  |  | $ | 0.44 |  |  | $ | 0.68 |  |  |
Diluted |  |  |  |  |  |  |
Before adoption | $ | 0.34 |  |  | $ | 0.42 |  |  | $ | 0.62 |  |  |
Adjustments | 0.07 |  |  | (0.02) |  |  | — |  |  |
As adjusted | $ | 0.41 |  |  | $ | 0.40 |  |  | $ | 0.62 |  |  |

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