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OTHER CURRENT AND NON-CURRENT ASSETS | 3 Months Ended
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Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] |
OTHER CURRENT AND NON-CURRENT ASSETS | OTHER CURRENT AND NON-CURRENT ASSETS Other current assets and other non-current assets consisted of the following (in thousands):
| March 31, |  | December 31,
| 2024 |  | 2023
Other current assets |  |  |
Crypto assets held for operations | $ | 150,630 |  |  | $ | 74,103 |
Prepaid expenses | 98,004 |  |  | 79,552 |
Assets pledged as collateral(1) | 73,096 |  |  | 53,071 |
Income tax receivable | 39,945 |  |  | 63,726 |
Other | 17,862 |  |  | 16,191 |
Total other current assets | $ | 379,537 |  |  | $ | 286,643 |
Other non-current assets |  |  |
Strategic investments | $ | 346,902 |  |  | $ | 343,045 |
Property and equipment, net | 193,056 |  |  | 192,550 |
Intangible assets, net | 79,755 |  |  | 86,422 |
Lease right of use assets | 10,164 |  |  | 12,737 |
Deposits and other | 23,985 |  |  | 19,840 |
Total other non-current assets | $ | 653,862 |  |  | $ | 654,594 |
_______________ (1) See Note 6. Collateralized Arrangements and Financing for additional details. Crypto assets held for operations The following table summarizes the units, cost basis, and fair value of crypto assets held for operations (in thousands, except units):
|  | March 31, 2024 |  | December 31, 2023
|  | Units |  | Cost Basis |  | Fair Value |  | Carrying Value(1)
Bitcoin |  | 101 |  |  | $ | 5,548 |  |  | $ | 7,174 |  |  | $ | 7,243 |
Ethereum |  | 15,006 |  |  | 44,799 |  |  | 54,565 |  |  | 15,775 |
Solana |  | 144,193 |  |  | 25,967 |  |  | 29,128 |  |  | 10,275 |
Other(2) |  | nm |  | 48,077 |  |  | 59,763 |  |  | 40,810 |
Total held for operations |  |  |  | $ | 124,391 |  |  | $ | 150,630 |  |  | $ | 74,103 |
__________________ nm - not meaningful (1)Recorded at impaired cost as of December 31, 2023. (2)Includes various other crypto assets balances, none of which individually represented more than 5% of total Crypto assets held for operations. Measurement alternative investments The changes in the carrying value of strategic investments accounted for under the measurement alternative are presented below (in thousands):
| March 31, |  | December 31,
| 2024 |  | 2023
Carrying amount, beginning of period | $ | 330,346 |  |  | $ | 315,285 |
Net additions(1) | 4,527 |  |  | 60,979 |
Upward adjustments | 43 |  |  | 62 |
Previously held interest in ORDAM (see Note 4) | — |  |  | (20,000) |
Impairments and downward adjustments | (937) |  |  | (25,980) |
Carrying amount, end of period | $ | 333,979 |  |  | $ | 330,346 |
__________________ (1)Net additions include additions from purchases and reductions due to exits of strategic investments. Upward adjustments, impairments, and downward adjustments from remeasurement of investments are recorded in Other (income) expense, net in the Condensed Consolidated Statements of Operations. As of March 31, 2024, cumulative upward adjustments for investments held as of that date were $5.0 million and cumulative impairments and downward adjustments were $127.6 million. As of December 31, 2023, cumulative upward adjustments for investments held as of that date were $4.9 million and cumulative impairments and downward adjustments were $127.0 million.

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