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Segment Information - Schedule of Software Business Segment and Corporate & Other Category on a Consolidated Basis (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Dec. 31, 2024
Segment Reporting Information [Line Items]                  
Total revenues $ 128,691     $ 116,071     $ 354,245 $ 342,759  
Sales and marketing (29,908)     (35,414)     (91,131) (103,116)  
Impairment losses on digital assets 0     (412,084)     0 (783,807)  
Other segment items [1] (1,704)     (6,686)     (15,952) (4,124)  
Interest income (expense), net [2] (18,890)     (18,129)     (53,893) (45,476)  
Gain (loss) on debt extinguishment 0     (22,933)     0 (22,933)  
Income tax benefit (expense) [3] (1,086,212)     138,504     (3,346,104) 411,760  
Net income (loss) 2,785,024 $ 10,020,846 $ (4,217,370) (340,174) $ (102,559) $ (53,118) 8,588,500 (495,851)  
Total assets 73,619,038 [4]     8,343,581 [4]     73,619,038 [4] 8,343,581 [4] $ 25,843,685
Controllable                  
Segment Reporting Information [Line Items]                  
Sales and marketing [5] (24,656)     (28,459)     (74,540) (78,037)  
Maintenance [5] (6,971)     (7,553)     (20,705) (22,103)  
Consulting [5] (11,115)     (14,726)     (34,825) (42,676)  
Cloud [5] (19,172)     (11,549)     (49,774) (29,776)  
Technology [5] (20,945)     (30,069)     (67,244) (82,927)  
Corporate resources [5] (22,520)     (20,923)     (71,415) (65,137)  
Non-Controllable                  
Segment Reporting Information [Line Items]                  
Unrealized gain on digital assets [5] 3,890,847           12,032,356    
Impairment losses on digital assets [5]       (412,084)       (783,807)  
Digital asset custody fees [5] (5,342)     (1,746)     (14,346) (3,843)  
Share-based compensation expense [5] (15,483)     (19,394)     (43,044) (57,806)  
Payroll taxes on equity award exercises and vestings [5] (1,504)     (498)     (6,259) (11,725)  
Operating Segments | Software Business                  
Segment Reporting Information [Line Items]                  
Total revenues 128,691     116,071     354,245 342,759  
Other segment items [1] (1,704)     (6,394)     (15,952) (3,298)  
Interest income (expense), net [2] 109     0     283 0  
Gain (loss) on debt extinguishment       0       0  
Income tax benefit (expense) [3] 19,728     6,266     81,980 163,989  
Net income (loss) 34,174     (17,228)     82,740 113,263  
Total assets [4] 413,313     591,004     413,313 591,004  
Operating Segments | Software Business | Controllable                  
Segment Reporting Information [Line Items]                  
Sales and marketing [5] (24,656)     (28,459)     (74,540) (78,037)  
Maintenance [5] (6,971)     (7,553)     (20,705) (22,103)  
Consulting [5] (11,115)     (14,726)     (34,825) (42,676)  
Cloud [5] (19,172)     (11,549)     (49,774) (29,776)  
Technology [5] (20,945)     (30,069)     (67,244) (82,927)  
Corporate resources [5] (18,194)     (20,923)     (53,265) (65,137)  
Operating Segments | Software Business | Non-Controllable                  
Segment Reporting Information [Line Items]                  
Unrealized gain on digital assets [5] 0           0    
Impairment losses on digital assets [5]       0       0  
Digital asset custody fees [5] 0     0     0 0  
Share-based compensation expense [5] (10,832)     (19,394)     (32,037) (57,806)  
Payroll taxes on equity award exercises and vestings [5] (765)     (498)     (5,426) (11,725)  
Corporate & Other                  
Segment Reporting Information [Line Items]                  
Total revenues 0     0     0 0  
Other segment items [1] 0     (292)     0 (826)  
Interest income (expense), net [2] (18,999)     (18,129)     (54,176) (45,476)  
Gain (loss) on debt extinguishment       (22,933)       (22,933)  
Income tax benefit (expense) [3] (1,105,940)     132,238     (3,428,084) 247,771  
Net income (loss) 2,750,850     (322,946)     8,505,760 (609,114)  
Total assets [4] 73,205,725     7,752,576     73,205,725 7,752,576  
Corporate & Other | Controllable                  
Segment Reporting Information [Line Items]                  
Sales and marketing [5] 0     0     0 0  
Maintenance [5] 0     0     0 0  
Consulting [5] 0     0     0 0  
Cloud [5] 0     0     0 0  
Technology [5] 0     0     0 0  
Corporate resources [5] (4,326)     0     (18,150) 0  
Corporate & Other | Non-Controllable                  
Segment Reporting Information [Line Items]                  
Unrealized gain on digital assets [5] 3,890,847           12,032,356    
Impairment losses on digital assets [5]       (412,084)       (783,807)  
Digital asset custody fees [5] (5,342)     (1,746)     (14,346) (3,843)  
Share-based compensation expense [5] (4,651)     0     (11,007) 0  
Payroll taxes on equity award exercises and vestings [5] $ (739)     $ 0     $ (833) $ 0  
[1] Other segment items for the Software Business are primarily related to foreign currency transaction gains and losses, costs supporting the Company’s education function, one-time corporate initiatives, and certain expenses that are not easily allocable to specific functions. In 2024, other segment items for the Corporate & Other category are primarily related to third-party consulting and advisory fees.
[2] Interest expense, net is substantially related to interest expense on the Company’s long-term debt arrangements, the proceeds from which were primarily used to purchase bitcoin.
[3] Income tax effects allocated to the Corporate & Other category are related solely to transactions involving the Company’s bitcoin or debt, including unrealized gains or losses on digital assets, digital asset impairment losses, interest expenses, gains and losses on debt extinguishments, share-based compensation expense, corporate resources (including personnel costs), and other third-party expenses.
[4] Due to the adoption of ASU 2023-08, segment assets allocated to the Corporate & Other category as of September 30, 2025 included only the Company’s digital assets. As of September 30, 2025, segment assets included the Company’s digital assets and deferred tax assets primarily related to digital asset impairment losses and interest expense.
[5] Significant expenses regularly provided to the CODM include both: (i) costs that the CODM considers to be “controllable”, for which the Company can manage future expense via the budgeting process (e.g. salaries, commissions, travel and entertainment expenses, third party-service provider fees, etc.), and that support each specific function of the Software Business (i.e. sales and marketing, maintenance, consulting, cloud, technology, and corporate resources) and (ii) costs that the CODM considers to be “non-controllable”, for which future expenses are primarily outside the Company’s control, such as losses (gains) on digital assets, digital asset impairment, and custody fees, share-based compensation expense, and employer payroll taxes related to the exercise or vesting of certain awards under the Stock Incentive Plans.