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Digital Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract] |
Summary of Digital Asset Holdings, Digital Asset Purchases, Digital Asset Sales, Digital Asset Impairment Losses, and Gains on Sale of Digital Assets | The following table summarizes the Company’s digital asset holdings (in thousands, except number of bitcoins), as of:
|  | December 31, |
|  | 2024 |  |  | 2023 |
Approximate number of bitcoins held |  |  | 447,470 |  |  |  | 189,150 |
Digital assets carrying value |  | $ | 23,909,373 |  |  | $ | 3,626,476 |
Cumulative digital asset impairment losses |  | $ | 4,058,875 |  |  | $ | 2,269,013 |
The carrying value on the Company’s Consolidated Balance Sheet at each period-end represents the lowest fair value (based on Level 1 inputs in the fair value hierarchy) of the bitcoins at any time since their acquisition. Therefore, these fair value measurements were made during the period from their acquisition through December 31, 2024 or 2023, respectively, and not as of December 31, 2024 or 2023, respectively. The following table summarizes the Company’s digital asset purchases, digital asset sales, digital asset impairment losses, and gains on sale of digital assets (in thousands, except number of bitcoins) for the periods indicated:
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Approximate number of bitcoins purchased |  |  | 258,320 |  |  |  | 56,650 |  |  |  | 8,813 |
Approximate number of bitcoins sold |  |  | 0 |  |  |  | 0 |  |  |  | 704 |
Digital asset purchases |  | $ | 22,072,759 |  |  | $ | 1,902,299 |  |  | $ | 287,921 |
Digital asset sales |  | $ | 0 |  |  | $ | 0 |  |  | $ | 11,817 |
Digital asset impairment losses |  | $ | 1,789,862 |  |  | $ | 115,851 |  |  | $ | 1,287,213 |
Gains on sale of digital assets |  | $ | 0 |  |  | $ | 0 |  |  | $ | 927 |

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance and exist in perpetuity, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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