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PREPAID EXPENSES AND OTHER ASSETS (Tables) | 9 Months Ended
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Sep. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
Schedule of prepaid expenses and other current and non-current assets | Prepaid expenses and other current assets, and other non-current assets consisted of the following (in thousands):
| September 30, |  | December 31,
| 2023 |  | 2022
Prepaid expenses and other current assets |  |  |
Prepaid expenses | $ | 88,101 |  |  | $ | 98,204 |
Assets pledged as collateral(1) | 50,081 |  |  | 100,007 |
Other | 19,532 |  |  | 18,837 |
Total prepaid expenses and other current assets | $ | 157,714 |  |  | $ | 217,048 |
Other non-current assets |  |  |
Strategic investments | $ | 357,075 |  |  | $ | 326,683 |
Deferred tax assets | 1,105,992 |  |  | 1,046,791 |
Deposits | 12,238 |  |  | 10,989 |
Other | 2,791 |  |  | 17,257 |
Total other non-current assets | $ | 1,478,096 |  |  | $ | 1,401,720 |
_______________ (1) Includes $46.1 million and $58.4 million as of September 30, 2023 and December 31, 2022, respectively, of the right to receive a fixed amount of USDC pledged as collateral. See Note 11. Collateral for additional details on assets pledged as collateral.
Schedule of other investments accounted for under the measurement alternative | The changes in the carrying value of strategic investments accounted for under the measurement alternative are presented below (in thousands):
| Nine Months Ended September 30,
| 2023 |  | 2022
Carrying amount, beginning of period | $ | 315,285 |  |  | $ | 352,431 |
Net additions(1) | 54,271 |  |  | 57,058 |
Upward adjustments | 62 |  |  | 879 |
Previously held interest in ORDAM (see Note 4) | (20,000) |  |  | — |
Impairments and downward adjustments | (5,774) |  |  | (70,631) |
Carrying amount, end of period(2) | $ | 343,844 |  |  | $ | 339,737 |
__________________ (1)Net additions include additions from purchases and reductions due to exits of securities and reclassifications due to changes to capital structure. (2)Excludes $13.2 million and $17.3 million as of September 30, 2023 and 2022, respectively, of strategic investments that are not accounted for under the measurement alternative.

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- Definition Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs. + References No definition available. + Details
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- Definition Tabular disclosure of investment in equity security without readily determinable fair value. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 321 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479536/321-10-50-3 + Details
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