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Digital Assets (Tables)
6 Months Ended
Jun. 30, 2023
Intangible Assets Net Excluding Goodwill [Abstract]  
Summary of Digital Asset Holdings, Digital Asset Purchases and Digital Asset Impairment Losses

The following table summarizes the Company’s digital asset holdings (in thousands, except number of bitcoins), as of:

 

 

 

June 30,

 

 

December 31,

 

 

 

2023

 

 

2022

 

Approximate number of bitcoins held

 

 

152,333

 

 

 

132,500

 

Digital assets carrying value

 

$

2,323,252

 

 

$

1,840,028

 

Cumulative digital asset impairment losses

 

$

2,196,216

 

 

$

2,153,162

 

The following table summarizes the Company’s digital asset purchases and digital asset impairment losses (in thousands, except number of bitcoins) for the periods indicated. The Company did not sell any of its bitcoins during the three and six months ended June 30, 2023 or 2022, respectively.

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2023

 

 

2022

 

 

2023

 

 

2022

 

Approximate number of bitcoins purchased

 

 

12,333

 

 

 

481

 

 

 

19,833

 

 

 

5,308

 

Digital asset purchases

 

$

347,003

 

 

$

10,000

 

 

$

526,278

 

 

$

225,500

 

Digital asset impairment losses

 

$

24,143

 

 

$

917,838

 

 

$

43,054

 

 

$

1,087,929